Pattern Energy - Broadview Wind Power Facility
Debt solution for Pattern Energy Group's investment in onshore wind
Pattern Energy Group, LP. (Pattern) (NYSE: PEGI), an independent power company, sought financing support for its 324 MW Broadview Wind project. The project combines two adjacent projects in New Mexico and Texas and will consist of 141 wind turbines.
Siemens Financial Services (SFS) was able to provide the project with a $100 million loan. This
enabled Pattern Energy Group to maintain its equity stake in the transaction – both during and after construction.
Benefits for Customer
Siemens is able to provide quality turbines, installation, and long-term service and maintenance - coupled with expert financing support to Pattern Energy Group. The blades will be manufactured at Siemens’ facility in Iowa. The nacelles and hubs will be assembled at Siemens’ Kansas facility.
The project helps support the state of New Mexico in becoming an important driver for wind industry in the region.