星期六, 1月 23, 2021
Home PV Companies Pattern, Samsung Receive $700 Million for Ontario Wind Farm

Pattern, Samsung Receive $700 Million for Ontario Wind Farm

Pattern Energy Group LP, a closely held renewable energy company backed by private equity investor Riverstone Holdings LLC, said it received about $700 million in debt financing to build its South Kent wind farm in Canada.

The deal included multiple banks and was structured with joint venture partner Samsung C&T Corp., which owns half the project, Pattern spokesman Matt Dallas said today by e-mail. He wouldn’t name the lenders.

South Kent, located in southern Ontario near the shores of Lake Erie, will have a generating capacity of 270 megawatts and consist of components made at factories in the province, San Francisco-based Pattern said today in a statement. Siemens AG is providing the wind turbines and blades, and CS Wind Corp. is supplying the towers.

The wind farm may enter operation by March 2014, and the Ontario Power Authority has a 20-year contract to purchase its power for 13.5 Canadian cents (13.2 cents) a kilowatt-hour, Dallas said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

New Energy Equity adds 326 kW of solar to municipal buildings in Norton Shores, Michigan

New Energy Equity, along with its development partner Chart House Energy, has completed a 326-kWDC solar development project consisting of three separate municipal buildings...

PG&E announces 387 MW/1,548 MWh of energy storage capacity in latest project announcement

Pacific Gas and Electric Company (PG&E) has requested approval from the California Public Utilities Commission (CPUC) for six new battery projects totaling 387 MW...

NEP releases 500-W microinverter for large-format panels

Silicon Valley-based Northern Electric Power Technology (NEP) has released a new 500-W microinverter. The company is calling it a “macroinverter” since it is able...

Solar investment tax credit extended at 26% for two additional years

Story updated Dec. 22 after successful passage of the bill by Congress. Extended renewable energy tax credits have been included in a $1.4 trillion federal...