Retail Energy Buyer

Subscribe to the free weekly newsletter written just for retail energy buyers

Pattern Energy Completes 200 MW Logan’s Gap Wind Facility in Texas

September 30, 2015 By Karen Henry

pattern energy logo Energy ManagePattern Energy has completed construction of its 200 MW Logan’s Gap Wind facility in Comanche County, Texas. This is the power company’s fourth operational wind facility in Texas.

Walmart has a 10-year power purchase agreement to acquire 58 percent of the expected output from the facility. Seventeen percent of the expected output will be sold under a 13-year fixed price agreement with a financial institution, and the remaining 25 percent of expected output will be sold at ERCOT spot market prices.

The facility consists of 87 Siemens 2.3 MW wind turbines.

Pattern Energy acquired the Logan’s Gap Wind facility from Pattern Energy Group LP (Pattern Development) in December 2014. The investment represents one-fifth of Pattern’s US goal to source seven billion kWh hours of renewable energy by 2020. Pattern Energy has an owned interest of 164 MW in the facility and four institutional tax equity investors have acquired the balance. The facility is financed with all equity rather than project debt.

Pattern Energy has rights of first offer to Pattern Development’s entire project development pipeline, which totals more than 5,900 MW.

Walmart was one of nine major companies to announce during Climate Week NYC that it was joining RE100, pledging to source 100 percent of its electricity from renewable energy.

Leave a reply