Growing its operational capacity, Pattern Energy Group announced that construction has been completed for the 150MW Amazon Wind Farm Fowler Ridge in Benton County, Indiana and the wind farm is now fully operational. The facility will sell 100% of the electricity produced to Amazon Web Services (AWS), which will supply the electricity to the electric grids that service its datacenters.
"It's a privilege to team with AWS on the Amazon Wind Farm Fowler Ridge, demonstrating the strong and growing appetite for wind power from the country's leading corporations," said Mike Garland, President and CEO of Pattern Energy. "This facility was completed on schedule and we are beginning 2016 with all 16 of our wind power facilities fully operational. Since our IPO we have grown the portfolio by 119%, underscoring the value of our strategic relationship with Pattern Development and our ability to execute attractive third-party acquisitions. Our strong platform of fully-contracted power facilities, combined with our identified ROFO acquisitions pipeline totaling 1,270 MW, puts Pattern Energy in an excellent position to continue growing its fleet and quarterly dividend."
"AWS has a long-term commitment to achieve 100% renewable energy usage for our global infrastructure footprint, and we continue to make progress towards this goal," said Jerry Hunter, Vice President, Infrastructure at AWS. "We're very excited to announce with Pattern Energy that the Amazon Wind Farm Fowler Ridge is now live and producing electricity, bringing a new source of clean energy to the grids that power our datacenters."
The Amazon Wind Farm Fowler Ridge consists of 65 Siemens 2.3 MW wind turbines with 'Made in America' components. The turbine blades, nacelles, towers, and transformers were manufactured in the United States. The 150 MW facility will create enough clean energy to power 46,000 homes each year, according to average annual residential energy use data from the U.S. Energy Information Administration.
An average of 175 workers were on site during construction, which was managed by Mortenson Construction, with up to 300 workers on site during peak construction activity. There are ten full-time permanent workers to operate and maintain the facility. The Amazon Wind Farm Fowler Ridge is expected to add an estimated $45 million over 25 years to the regional economy through property taxes, landowner royalties, and support for local causes.
Pattern Energy has an owned interest of 116 MW and institutional tax equity investors have acquired the balance. The facility is financed with all equity rather than project debt.
Pattern Energy acquired the Amazon Wind Farm Fowler Ridge from Pattern Energy Group LP (Pattern Development) in April 2015. Pattern Energy has rights of first offer to Pattern Development's entire project development pipeline, which totals more than 5,900 MW.
