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Pattern Energy Group - Spring Valley Project

Financing the first wind energy project in Nevada

Challenge

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.

Solution

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.

Customer Benefit

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.

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