Gulf Coast project located to take advantage of beneficial wind patterns and major transmission lines
SAN FRANCISCO, CA - Pattern Energy Group LP announced it has acquired the 283 megawatt Gulf Wind project from Babcock & Brown. Gulf Wind includes 118 wind turbines and generates 283 MW of energy, the power equivalent to the annual energy usage of approximately 80,000 Texas homes.
Gulf Wind is strategically located on the Gulf Coast in Kenedy County, Texas, where favorable wind conditions allow the project to maximize energy production during times of peak demand and peak pricing. The project is in close proximity to transmission lines that allow for the efficient delivery of power to nearby markets. The majority of Gulf Wind's output has its price secured under a long-term power sales agreement.
"Gulf Wind is a premier wind energy project that implements leading scientific technology and solidifies Pattern Energy's presence in the Texas renewable energy market," said Mike Garland, CEO of Pattern Energy. "Gulf Wind is situated in a unique coastal location where the winds blow strongest at the times of the day, as well as the seasons of the year, when electricity demand and prices are highest—translating into strong revenue and the ability to better meet demand in the markets we serve."
"In addition to its prime location, Gulf Wind uses advanced radar technology to protect the area's migratory birds," Garland continued. "This technology is an excellent example of Pattern's commitment to be a leader in scientific innovation and a good steward of the environment."
Pattern was formed as an independent company eight months ago and now has nearly 400 MW of premium wind projects in operation or under construction across North America, counting the addition of Gulf Wind.
Pattern's team of scientists, while under previous employment with Babcock & Brown, led the development and use of MERLIN SCADA radar technology for real-time bird mortality risk mitigation, the first of its kind world-wide. The system detects approaching bird activity, assesses mortality risk conditions, and automatically activates mitigation responses, including the idling of all turbines when appropriate.
The Gulf Wind project has been operational for approximately one year and is located on a portion of the Kenedy Ranch owned by the Kenedy Memorial Foundation near the town of Sarita, Texas. According to the terms of the transaction, Pattern will make monthly royalty payments to the Kenedy Memorial Foundation, which will allow the Foundation to increase its charitable work in South Texas. The project provides millions in tax benefits to the region, including paying nearly $3.5 million in local taxes for 2010.