Pattern Energy Group (the “Company” or “Pattern Energy”), acquired the 200-MW Logan’s Gap Wind project in Texas, which is currently under construction, from Pattern Energy Group LP (“Pattern Development”). The Company acquired the Logan’s Gap Wind project for a total cash funding commitment of approximately $113 million, 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.
NET Power secured funding and agreements for its $140 million, 50-MW demonstration power plant, that produces no greenhouse gas emissions and includes full carbon capture without requiring carbon capture equipment. The project is funded by a combination of cash and in-kind contributions from Exelon and CB&I. Toshiba has begun manufacturing a CO2 turbine for the project. Operations, maintenance and development arrangements have been completed with Exelon.
What the Supreme Court said, and didn’t.
Supreme Court may ultimately clarify EPA’s authority under Clean Power Plan.
GE Power & Water's Distributed Power business signed a contract to provide Sky Global Partners (Sky Global) with its Jenbacher gas engine technology along with a 30-year contractual service agreement for a new 50-MW high-efficiency power plant in Colorado County, Texas, near San Bernard's Rock Island substation. This represents the largest North American power project for GE's Jenbacher J920 FleXtra gas engine so far.
The TUCO-to-Woodward 345-kV transmission line between Xcel Energy's TUCO Substation was energized when a connection was made with an Oklahoma line segment built by Oklahoma Gas and Electric (OG&E). Xcel Energy built the line from TUCO to just east of the Texas-Oklahoma boundary in Beckham County, Okla. The OG&E segment connects from the Beckham County site to Woodward, Okla.
Bechtel completed the Panda Temple I Generating Station in Temple, Texas ahead of schedule. The 758-MW natural gas-fueled, combined-cycle power facility is owned by Panda Power Funds. As part of a consortium with Siemens, Bechtel provided project management, engineering, procurement, construction, and startup services, while Siemens provided the power-island package, including the natural gas and steam turbines, generators, and waste-heat-recovery boilers.
Duke Energy Renewables will build, own and operate a 110-MW wind power project, Los Vientos V, in Starr County, Texas. Garland Power & Light, Greenville Electric Utility System and Bryan Texas Utilities (BTU) have signed 25-year PPAs produced by the project. Vestas will supply 55 2-MW turbines for the project. The project is expected to be completed in late 2015.
Pattern Energy Group acquired the 200-MW Logan's Gap wind project located in Comanche County, Texas, from Pioneer Green Energy. Pioneer Green Energy began work in 2013 and executed a 10-year PPA with Wal-Mart stores, for approximately 60% of the project's expected production. Pattern Development expects to arrange financing for and start full construction of the project in the fourth quarter of 2014.
Taking Resiliency One Step Further