Pattern Development completes financing of Stillwater Wind project

Pattern_Energy

Pattern Energy Group 2 (Pattern Development) announced completion of a construction financing, letter of credit facility and term tax equity financing commitment for the approximately 79.75 megawatt (MW) Stillwater Wind project located in Stillwater County, Montana.

Stillwater Wind has entered into a 25-year Power Purchase Agreement for 100% of the energy produced. The project will interconnect to the local transmission provider’s 230-kV transmission line via a newly constructed 230-kV switching station.

Stillwater Wind will utilize a total of 31 Siemens Gamesa wind turbines comprised of five 2.3 MW turbines with 108 meter rotors and 26 2.625 MW turbines with 120 meter rotors.

Construction of the project has begun and it is expected to reach commercial operation in September of this year. During each year of operations, the 79.75 MW facility will generate energy equal to the needs of more than 23,000 Montana homes.

During construction the project will create approximately 80 jobs within the local and regional communities and will employ approximately six full-time personnel during operations.

In addition, the two construction contractors responsible for construction of the Stillwater Wind project are both headquartered in Montana, the company said.

Pattern Development’s development portfolio totals more than 10 GW of wind, solar and transmission projects.

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