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July 2, 2014
07:10 EDTPEGIPattern Energy acquires Panhandle 1 Wind Project for $124.4M
Pattern Energy announced it has closed on its commitment to acquire 172 megawatts of owned interest in the 218 MW Panhandle 1 wind project from Pattern Energy Group for a total cash consideration of $124.4M. The balance of the project has been acquired from Pattern Development by three institutional tax equity investors.
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October 5, 2015
07:09 EDTPEGIPattern Energy outlook positive, says RBC Capital
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September 28, 2015
07:02 EDTPEGIPattern Energy's 200 MW Logan's Gap wind facility starts operation
Pattern Energy announced that its 200 megawatt Logan's Gap Wind facility in Comanche County, Texas, has completed construction and is fully operational. Pattern Energy has an owned interest of 164 MW in the facility and four institutional tax equity investors have acquired the balance. The facility is financed with all equity rather than project debt. The facility will sell 75% of the electricity produced to Walmart and a financial institution. Walmart has a 10-year power purchase agreement to acquire 58% of the expected output from the facility. Seventeen percent of the expected output will be sold under a 13-year fixed price agreement with a A-/Baa2-rated financial institution. The remaining 25% of expected output will be sold at ERCOT spot market prices. An average of 250 workers were on site during construction with up to 550 workers on site during peak activity. There are 12 full-time permanent workers to operate and maintain the facility. Consisting of 87 Siemens 2.3 MW wind turbines, with a total capacity of 200 MW, Logan's Gap Wind will create enough clean energy to power 50,000 homes in Texas each year, according to average annual residential energy use data from the U.S. Energy Information Administration.

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