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January 29, 2014
08:32 EDTPEGI, SISiemens wins turbine order, service contract
Siemens (SI) Energy has secured an order for the 182-megawatt Panhandle 2 wind power project located in Carson County, Texas. The project, which will consist of 79 Siemens SWT-2.3-108 wind turbines, is being developed by Pattern Energy Group and Pattern Energy (PEGI) has committed to acquire the project upon completion. Component deliveries will start in March and commissioning of the turbines is scheduled for November. The deal also includes a service and maintenance agreement designed to help ensure the ongoing reliability of the project.
News For SI;PEGI From The Last 14 Days
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May 4, 2015
06:18 EDTPEGIPattern Energy acquires Amazon wind farm for $127M
Pattern Energy Group (PEGI) announced its acquisition of the 150 MW Amazon Wind Farm project in Indiana from Pattern Energy Group. Upon completion of the project, Pattern Energy will have an owned interest of 116 MW and it is expected that institutional tax equity investors will acquire the balance. Pattern Energy acquired the Amazon Wind Farm project for a total cash funding commitment of approximately $127M, a portion of which will be used to pay down construction debt upon the completion of construction. The acquisition will be funded from available cash and credit facilities. The project has entered into a long-term power purchase agreement with Amazon (AMZN) to supply electricity to the electric grids that service Amazon Web Services datacenters.
06:09 EDTPEGIPattern Energy acquires Amazon Wind Farm project from Pattern Development
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06:07 EDTPEGISiemens awarded 65 wind turbines order from Pattern Energy
Siemens has been awarded an order from Pattern Energy Group (PEGI) to supply, support installation and provide long-term service for 65 wind turbines for the Amazon Wind Farm to be located near Fowler, Indiana. Installation of the wind turbines is scheduled to begin in July of this year. The project is expected to start generating power in the Q4. Siemens Financial Services, or SFS, led the construction financing for this project, committing $150M. SFS’s early involvement in structuring a unique financing solution that other lenders could not provide was integral in closing the order and allowing Pattern to move forward with the project. Siemens also partnered with Pattern Energy to supply 67 state-of-the-art Mount Generation Step Up Transformers for the Amazon Wind Farm. Siemens Corporation is a U.S. subsidiary of Siemens AG (SIEGY).
April 21, 2015
07:19 EDTPEGIPattern Energy adds North Kent Wind project to its list of ROFO projects
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