SmartestEnergy US furthers its expansion into the North American power markets by signing PPA with ALLETE Clean Energy

SmartestEnergy US, the energy company empowering businesses, generators and partners though creative energy solutions, has today announced a new Power Purchase Agreement (PPA) to receive power and Renewable Energy Certificates (RECs) from the 100.5 MW Armenia Mountain Wind Farm, located in Tioga and Bradford Counties, Pennsylvania, in the Pennsylvania-New Jersey-Maryland Interconnection (PJM).

This partnership further expands the footprint of SmartestEnergy US and the support it can provide in helping wholesale customers across the energy complex manage market risk with customized structured product offerings and innovative, sustainable solutions.

Under the long-term agreement between SmartestEnergy US and ALLETE Clean Energy, SmartestEnergy will purchase 50% of the energy and RECs generated from the Armenia Mountain facility for a fixed price. The agreement, while helping to ensure stable and predictable revenue for the facility, will contribute to SmartestEnergy’s portfolio of renewable energy assets, and will ultimately help customers in the region meet their renewable energy objectives.

The Armenia Mountain Wind Farm, operational since 2009 and owned by ALLETE Clean Energy, is an important source of renewable energy in Pennsylvania. Equipped with 67 GE 1.5 MW wind turbines, the farm has been producing clean electricity for over a decade, significantly reducing carbon emissions in the region. The facility has a proven track record of reliable energy production, contributing to a sustainable energy future.

Andy Cormie, CEO, SmartestEnergy US, said, “Securing the Armenia Mountain Wind PPA marks a significant milestone for SmartestEnergy and our U.S. Origination team. With ALLETE Clean Energy entrusting us as a long-term partner for the Armenia Mountain facility, we are able to successfully continue our expansion into the U.S. energy markets, strengthen our generator strategy, and work toward our ambition of becoming an industry-leading wholesale power marketer that provides tailored products and solutions to our customers.”

“We’re excited to enter a dynamic business segment with SmartestEnergy US as our Armenia Mountain Wind continues delivering reliable, renewable energy to new customers,” said ALLETE Clean Energy President Nicole Johnson. “As customers increasingly seek more renewable energy, our Armenia Mountain team is dedicated to keeping the site’s turbines generating energy from the wind.”

This partnership underscores SmartestEnergy US’s ongoing efforts to support the energy transition and contribute to a cleaner, greener future. By securing renewable energy from wind power, the company continues to provide its customers with sustainable energy solutions while advancing environmental stewardship.