Construction of British
Columbia's largest wind project is now in full swing,
creating jobs for 275 workers
SAN FRANCISCO, July 2, 2015 /PRNewswire/ -- Pattern Energy
Group LP ("Pattern Development") today announced the completion of
C$393 million in financing of its 180
megawatt (MW) Meikle Wind power project located in British Columbia, approximately 33 km north of
Tumbler Ridge. Meikle Wind, which
is expected to commence commercial operation in late 2016, is the
largest wind power project in British
Columbia with the capacity to generate clean energy for up
to 54,000 homes in the province.
"Once operational, Meikle Wind will increase the installed wind
power capacity in British Columbia
by 38%," said Mike Garland, CEO of
Pattern Development. "This project was a successful collaboration
with First Nations, the communities of Tumbler Ridge and Chetwynd, and BC Hydro. Meikle Wind will
generate strong benefits for the province with an estimated
$70 million in payments for property
taxes, Crown lease payments, wind participation rent, and community
benefits over the first 25 years of operations. We now have wind
power projects in operation or development in four provinces
throughout Canada."
The Meikle Wind project is utilizing 61 GE wind turbines. The
project has a 25-year power purchase agreement with BC Hydro. The
Meikle Wind project will employ approximately 275 skilled workers
on-site at the peak of construction activity and create up to nine
permanent positions once operational, in addition to the use of
local subcontractors.
The Meikle Wind project was thoughtfully designed and planned,
incorporating input from First Nations, the Tumbler Ridge and Chetwynd communities, and the provincial
government. The project area is a location that was significantly
impacted by pine beetle kill and previous forestry activity.
Meikle Wind received its Environmental Assessment Certificate in
June 2014.
Meikle Wind is one of the projects on the identified right of
first offer (ROFO) list, on which Pattern Energy Group Inc.
(NASDAQ: PEGI) (TSX: PEG) ("Pattern Energy") holds the right to
purchase.
About Pattern Development
Pattern Energy Group LP (Pattern Development) is a leader in
developing renewable energy and transmission assets. With a long
history in wind energy, Pattern Development's highly-experienced
team has developed, financed and placed into operation more than
4,000 MW of wind power projects. A strong commitment to promoting
environmental stewardship drives the company's dedication in
working closely with communities to create renewable energy
projects. Pattern Development has offices in San Francisco, San
Diego, Houston,
New York, Toronto, Santiago,
Chile, and Tokyo, Japan.
For more information, visit www.patterndev.com.
Contact:
Matt Dallas
Pattern Development
917-363-1333
matt.dallas@patternenergy.com
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SOURCE Pattern Energy Group LP