Puerto Rico’s First Wind Project Receives Financing

Posted by NAW Staff on October 13, 2011 No Comments
Categories : Projects & Contracts

Pattern Energy Group LP says it has obtained financing for Finca de Viento Santa Isabel, the first large-scale wind energy project in Puerto Rico.

The 75 MW wind project, located in the southern municipality of Santa Isabel, seeks to provide renewable energy equal to the annual power needs of approximately 25,000 homes. The construction financing has been provided by Siemens Financial Services, and the project is expected to begin construction this month and be completed in September 2012.

Once operational, the wind farm will produce renewable energy in harmony with the agricultural production for which the municipality of Santa Isabel is known, according to Pattern Energy. New Siemens SWT-2.3-108 turbines will be erected over the next 11 months, creating approximately 150 jobs during construction and eight to10 jobs during operation.

Pattern has entered into a 20-year power purchase and operating agreement with the Puerto Rico Electric Power Authority for all of the wind energy generated from the project.

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