Pattern Energy Group - Spring Valley Project
Financing the first wind energy project in Nevada
Pattern Energy Group LP was seeking financing of the Spring Valley project, a proposed 151.8 MW wind farm in the White Pine County, Nevada. Timing was critical so turbines could be purchased and tax benefits could be claimed.
Siemens Financial Services helped to outline a financing solution for the project’s construction. SFS was chosen to structure the transaction and provide debt financing.
Siemens provided both debt financing and wind turbines which creates a “one-stop shop” for Pattern. The financing enabled construction to be completed in time for the transaction to qualify for federal tax grants.