Construction of the project by Pattern has begun and it is expected to reach commercial operation in September of this year. During each year of operations, the 79.75 MW facility will generate energy equal to the needs of more than 23,000 Montana homes.
Pattern Energy provides operations and financial guidance update in light of recent weather events
Pattern Energy evacuated its 283 megawatt (“MW”) Gulf Wind project in Texas prior to Hurricane Harvey and its 101 MW Santa Isabel project in Puerto Rico prior to the Irma and Maria hurricanes.
Logan’s Gap Wind Facility in Texas is now fully operational
Pattern Energy Group held a grand opening ceremony this week to dedicate its new 200-MW Logan’s Gap Wind facility in Comanche County, Texas. Now operating at full capacity, Logan’s Gap Wind will create enough clean energy to power 50,000 homes in Texas each year. “Presently, the majority of the revenue collected by Comanche County comes…
Pattern Energy’s 200-MW Logan’s Gap Wind Facility in Texas starts operation
Expanding its operations in Texas, Pattern Energy Group announced that its 200-MW Logan’s Gap Wind facility in Comanche County, Texas, has completed construction and is fully operational. Some project highlights include a long-term power purchase agreement with Walmart and a portfolio now comprises 15 operating wind facilities and one construction project. “Logan’s Gap Wind is our…
2015 Innovator: Mike Garland
The wind industry always needs solid leadership so it should be pleased with the election of Mike Garland to Chair of the AWEA Board. At the recent WINDPOWER 2015 Conference, outgoing Board Chair Susan Reilly identified Garland as a leader in energy and particularly wind energy. Garland began his career after graduating from the University…
Pattern Energy acquires remaining capacity in 283-MW Gulf Wind-power Facility
Pattern Energy Group announced it has completed the acquisition of the remaining 170-megawatt (MW) ownership interests in the 283-MW Gulf Wind-power Facility in Kenedy County, Texas from Pattern Energy Group LP (Pattern Development) and MetLife Capital LP. “We now own 100% of Gulf Wind, which is located in a unique site on the Gulf Coast…
Wind energy a major solution under Clean Power Plan
According to AWEA, wind energy can provide a majority of the clean power that states will need to comply with the government’s new rule to reduce carbon pollution from electric power plants, U.S. industry leaders said today, and it can save consumers money doing so. “American wind power can do this,” said Tom Kiernan, CEO…
Pattern Energy expands ROFO list with 526 MW of projects in Japan and New Mexico
Pattern Energy Group recently announced the addition of four wind power projects and two solar power projects to its list of identified Right of First Offer (ROFO) projects from Pattern Energy Group LP (“Pattern Development”). The six projects total 723 megawatts (MW). A total owned interest of 526 MW is being added to the ROFO…
K2 wind-power project in Ontario starts operation
Following 18 months of construction, the K2 Wind Power Facility in Ontario reached commercial operation on May 29, 2015. One of Canada’s largest wind projects, the 270-megawatt (MW) facility is owned and operated by Capital Power Corporation and Capital Power LP (collectively, “Capital Power”), Samsung Renewable Energy, and Pattern Energy Group LP. Pattern Energy Group…
Pattern Energy completes acquisition of two wind-power facilities totaling 351 MW
Pattern Energy Group has closed the previously announced acquisition of two operational wind power facilities totaling 351 megawatts (MW) from Wind Capital Group (WCG) and its affiliates for a final purchase price of $242 million plus assumed net debt of $102 million. The acquisition includes ownership interests in the 201-MW Post Rock Wind facility in…
Pattern Energy increases annual CAFD per share growth target to 12-15%
Pattern Energy Group Inc. announced it has increased its growth target for cash available for distribution (CAFD) per share to a compound annual growth rate (CAGR) of 12-15% for the next three years. Pattern Energy also announced it has entered into definitive agreements to acquire three wind power facilities for a total combined equity purchase…
Pattern Energy reports fourth quarter and full year 2014 financial results
Pattern Energy Group Inc. announced its financial results for the fourth quarter and full year of 2014. Highlights (Comparisons made between fiscal 2014 and fiscal 2013 results, unless otherwise noted) Cash available for distribution (CAFD) of $62.1 million, up 46% Adjusted EBITDA of $198.1 million, up 40% Proportional GWh sold of 2,915 GWh, up 65%…
Consultancy assists wind-farm developer finance 265 MW
Independent Engineering (IE) services provided by GL Garrad Hassan have helped Pattern Energy to realize construction loan financing for its Ocotillo Wind Power Project. The project will be Pattern Energy’s fifth operating wind project in North America and is located almost entirely on federal BLM (Bureau of Land Management) land in California’s Imperial Valley. When…
Texas HVDC line to reach Louisiana and Mississippi
Pattern Energy Group LP says it has reached a milestone in development of its Southern Cross transmission project in an agreement with several Texas utilities and making two applications with the Federal Energy Regulatory Commission. “Pattern is making steady progress on the development of its Southern Cross project, which will let Texas share its abundant…
Ontario sees its first blade factory
Onatrio will see its first blade factory as part of a plan to meet a wind turbine manufacturer and transmission company’s demand.
Pattern Energy Raises Nearly $1B In Equity For Wind
Pattern Energy has raised $800 million in equity to fund a 2 GW development pipeline of wind projects in North America within the next five years. Riverstone Holdings was the primary contributor, with additional investment from company management and employees. Riverstone purchased the assets in Babcock & Brown’s development portfolio and then established Pattern after…