Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Allete to Buy AES Wind Farm Stakes for $27 Million

Don't Miss Out —
Follow us on:

Nov. 11 (Bloomberg) -- Allete Inc., a Minnesota energy company, agreed to buy AES Corp.’s stakes in three wind farms in Minnesota, Iowa and Oregon for $27 million.

The sale is expected to close in early 2014 and also provides Allete an option to buy a 101-megawatt wind farm in Pennsylvania in 2015, Duluth, Minnesota-based Allete said today in a statement. The size of the AES stakes weren’t disclosed. The three wind farms have total capacity of 231 megawatts.

To contact the reporter on this story: Ehren Goossens in New York at

To contact the editor responsible for this story: Reed Landberg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.