ALLETE Acquires New Energy Equity for $165 Million
The transaction is expected to close in mid-April upon customary closing conditions
March 6, 2022
/ Solar
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Minnesota-based ALLETE, an energy company, has signed a definitive agreement to acquire 100% of the membership interests in New Energy Equity, a distributed solar project developer, for approximately $165.5 million, subject to a working capital adjustment.
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Utsav Sinha
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