Pattern Energy Signs PPA With Manitoba Hydro For Wind Project

Pattern Energy Group LP and the Manitoba Hydro-Electric Board have entered into a 27-year power purchase agreement (PPA) for the sale of energy produced by St. Joseph Windfarm Inc., a 138 MW wind project currently under construction and located in the southern Manitoba community of St. Joseph.

St. Joseph Windfarm is expected to create 200 to 225 jobs during the construction phase and approximately 15 permanent positions. The project is expected to result in the payment of millions of dollars in property taxes over the life of the project, with two-thirds of the tax revenue going to education and one-third going to the host communities.

Mortenson Canada has begun construction on the St. Joseph Windfarm. The project will include 60 2.3 MW Siemens SWT turbines, which are expected to begin generating electricity later this year. Manitoba

Manitoba Hydro has provided the project with a 20-year construction/term loan to finance a portion of the project. Terms of the PPA and construction/term loan were not disclosed.

SOURCE: Pattern Energy Group LP


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