Pattern Energy Group LP, a leader in developing renewable energy and transmission assets, has acquired the Logan’s Gap wind project from Pioneer Green Energy. As the developer of the project -- a 200 MW wind farm to be built in Comanche County, Texas -- Pioneer Green Energy executed a 10-year power purchase agreement with Wal-Mart Stores, Inc. for approximately 60% of the project’s expected production.
“We are very pleased to be working with Walmart, an icon of American business, which has agreed to buy the majority of the power produced by the Logan’s Gap project for the next decade,” said Mike Garland, CEO of Pattern Development. “America’s leading corporations are increasingly interested in wind energy, recognizing that as the price of wind power continues to decline, it is both good for the environment and good for business.”
Pattern Development1 expects to arrange financing for -- and start full construction of -- the project in the fourth quarter of 2014. The project is located in ERCOT’s North Zone and will connect to Oncor’s 138kV Comanche-Zephyr line, which crosses the project site and supplies power to the Dallas-Fort Worth area.
The Logan's Gap wind project is expected to begin commercial operation in late 2015.
- Pattern Development operates and manages wind power projects through its affiliated public entity, Pattern Energy Group Inc. (Pattern Energy). With a long history in wind energy, Pattern Development’s highly-experienced team has developed, financed and placed into operation more than 3,000 MW of wind power projects.