New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
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
Sign up for a free trial to see the rest of the stories you've been missing.
October 5, 2015
07:09 EDTPEGIPattern Energy outlook positive, says RBC Capital
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use