Pattern Development has acquired the 200 MW Logan's Gap wind project, located in Comanche County, Texas, from Pioneer Green Energy. As the developer of the project, Pioneer began work of a significant nature in 2013 and executed a 10-year power purchase agreement with Walmart 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,’ says 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 Development expects to arrange financing for and start full construction of the project in the fourth quarter of this year. The project is located in the Electric Reliability Council of Texas's (ERCOT) North Zone and will connect to Oncor's 138 kV Comanche-Zephyr line, which crosses the project site and supplies power to the Dallas-Fort Worth area. The project is expected to begin commercial operation in late 2015.
Andy Bowman, president of Pioneer Green Energy, comments, ‘Logan's Gap is a unique asset in the ERCOT market due to its robust wind resource and excellent location in the grid. We are delighted that Pattern Development has acquired the Logan's Gap project and will carry it forward with their strong team and excellent track record.’Â