Pattern Energy - Amazon Wind Farm
Construction financing solution improves wind farm's sustainable energy production
Pattern Energy sought construction financing for Amazon Wind Farm (a.k.a. Fowler Ridge IV). With a capacity of 150 megawatts, the wind power plant will provide Amazon Web Services’ Data Center with eco-friendly electricity for ten years. Installation of the wind turbines is scheduled to begin in July and reach completion in the fourth quarter of 2015.
Siemens Financial Services (SFS) will provide $150 million, which comprises 75 percent of the project’s construction financing. Siemens will supply 65 wind turbines and 67 transformers which will provide associated long-term service. A quick financial closing allowed the project to remain on schedule for payments.
The model SWT-2.3-108 wind turbines provided each have a capacity of 2.3 MW and a rotor diameter of 108 meters. The nacelles for this project will be assembled in Hutchinson, Kansas. Rotor blades for the turbines are manufactured in Fort Madison, Iowa. The Mount Generation Step up (GSU) transformers for the project are produced in the Siemens plant located in Jackson, Mississippi.
Siemens Financial Services' early involvement in the structuring of an innovative financing solution enabled Pattern to continue with this project. Siemens has demonstrated its ability to be a one-stop shop, providing both equipment and financing solutions to Pattern Energy, a highly valued customer.