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Pattern Energy

Pattern Energy Completes Acquisition of Two Wind Power Facilities Totaling 351 MW from Wind Capital Group

Submitted by aburr on Fri, 2015-05-29 13:43

Pattern Energy closed the previously announced acquisition of two operational wind power facilities totaling 351 MW from Wind Capital Group 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 Kansas, and the 150-MW Lost Creek Wind facility in Missouri. The Post Rock Wind facility in Kansas has a long-term contract with Westar.

Siemens to Supply Data Center of Amazon Web Services with Clean Energy

Submitted by aburr on Thu, 2015-05-14 13:42

Siemens will supply 65 wind turbines and 67 transformers for the Amazon Wind Farm (Fowler Ridge). The customer for this onshore project in Indiana is Pattern Energy. With a capacity of 150 MW, the wind power plant will provide Amazon Web Services' data center with eco-friendly electricity. Installation is scheduled to begin in July. Commissioning is planned for the first quarter of 2016. Siemens will also be providing long-term service for the wind turbines.

Digest (December 2014)

NRG Energy and MGM Resorts International completed installation of the world's largest rooftop solar array on a convention center;

Southern California Edison on November 5 announced the largest purchase of grid-connected energy storage in U.S. history. NRG Energy acquired Pure Energies Group; Duke Energy Progress filed with FERC for approval to purchase $1.2 billion in generating assets;

The U.S. Department of Energy authorized Bechtel to resume engineering work at a facility that will treat some of the nation's liquid radioactive waste; Burns & McDonnell plans to develop a grid stability awareness system;

Governor Andrew M. Cuomo announced the launch of New York's first energy management network operations center. And others...

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Transactions (October 2014)

Pioneer Green Energy acquires Logan Gap wind project, agreement reached for Exelon to purchase Integrys Energy Group, AES agrees to purchase equity interest in SYND Holdco Ltd., Canadian Solar Solutions sells solar power plant Goo Light.

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Life in the Transco Age

The competitive transmission genie is out of the bottle.

FERC Orders 890 and 1000 have opened the doors to independent transcos, heralding an era of innovation to solve reliability and capacity problems.
Byline: 

Elliot Roseman, Ken Collison, and Kiran Kumaraswamy

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Five Years Later

Wall Street is back in business. What’s next for utility finance?

When Lehman Brothers went bankrupt in September 2008, it marked the beginning of a financial crisis. By most accounts, the utility industry has been a picture of stability through tumultuous times. The view from Wall Street remains bullish – despite some reasons for concern.
Byline: 

Michael T. Burr

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Digest

Abengoa and BrightSource Energy agreed to jointly develop, build, and operate what the companies say will be the world’s two largest solar power towers. GE began operating a prototype of what it calls the world’s most efficient high-output wind turbine. Hawaiian Electric Co. dedicated the new 5-MW Kalaeloa solar farm in West Oahu, Hawaii. And more...

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Ocotillo 265-MW wind project begins commercial operation

Submitted by aburr on Thu, 2013-01-17 20:56

Pattern Energy’s Ocotillo wind project in Southern California began commercial operation, transmitting energy to the Sunrise Powerlink, a newly constructed 117-mile 500-kv transmission line connecting San Diego and the Imperial Valley. The 265-MW Ocotillo project in Imperial Valley has 94 turbines now operational. An additional 18 turbines are expected to be installed in the spring of 2013. San Diego Gas & Electric (SDG&E) will buy the output under a 20-year agreement.

Digest

(January 2013) Dominion Virginia Power contracts Alstom for HRSGs at 1,300-MW Brunswick County station; Entergy acquires KGen plants; San Diego Gas & Electric installs new outage management system; ChargePoint enters reseller agreement with Service Solutions; Saft to install battery storage project at High Wind project in Saskatchewan; NRG’s eVgo finalizes plans for California charging network; plus contracts and announcements from ABB, ADT, Elster, Itron, ElectroIndustries, Opower, Panasonic, FirstEnergy, PacifiCorp, and others.

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Restoring Financial Balance

With looming mandates and aging infrastructure, utilities need regulatory support.

The balance of stakeholder interests in utility ratemaking has shifted over the past decade toward achieving social policy goals. A more sustainable balance is required if utilities and regulators hope to preserve utility service quality and affordability.

Byline: 

H. Edwin Overcast

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