By Editors of Power Engineering
Pattern Energy Group announced it has acquired majority stakes in the 324-MW Broadview Wind power facilities in New Mexico, as well as its associated independent 35-mile 345 kV Western Interconnect transmission line for a combined $269 million from Pattern Development 1.0.
The facility, built 30 miles north of Clovis and consisting of 141 Siemens 2.3 MW wind turbines, began commercial operations in late March. Broadview has power purchase agreements with Southern California Edison.
“This extraordinary project brings inexpensive renewable power from eastern New Mexico, one of the highest wind areas in the west, using dedicated transmission capacity from several transmission systems into California. Broadview’s production complements production from California’s domestic renewable resources helping California transition to a carbon-free, low-cost, renewable grid,” said Mike Garland, president and CEO of Pattern Energy. “We are especially excited to bring this project on line because Pattern Development is actively developing several significant opportunities in New Mexico and the southwest U.S. as part of the region’s increasing demand for low-cost, renewable energy. These new opportunities will be subject to our ROFO as part of our relationship with Pattern Development.”
Pattern Energy now holds an 84 percent initial cash flow interest in Broadview and a 99 percent ownership interest in Western Interconnect.