Pattern Energy acquires 324 MW Broadview Wind facilities in New Mexico

Pattern Energy Group Inc., based in San Francisco, California, has acquired interests in the two wind projects that comprise the 324 megawatt Broadview Wind power facilities and associated independent 35-mile 345 kV Western Interconnect transmission line for $215 million  in cash and an assumed project loan of $54 million.
Pattern Energy acquires 324 MW Broadview Wind facilities in New Mexico

Broadview, which is located 30 miles north of Clovis, New Mexico, commenced commercial operations in late March.

Pattern Energy expects Broadview and Western Interconnect to generate $18 million in 2018, increasing each year by approximately $2.5 million per year.

“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,” said Mike Garland, President and CEO of Pattern Energy.

"Broadview’s production complements production from California’s domestic renewable resources helping California transition to a carbon-free, low-cost, renewable grid," he continued. “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.”

Broadview consists of 141 Siemens 2.3 MW wind turbines and has the capacity to generate 324 MW of energy, the power equivalent to the annual energy usage of approximately 180,000 California homes.

The company has entered into two 20-year power purchase agreements with Southern California Edison for sale of 100 percent of the output, up to a total of 297 MW.

For additional information:

Pattern Energy

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