Bloomberg News

Pattern Gets Financing from Siemens for Puerto Rico Wind Project

October 13, 2011

Oct. 13 (Bloomberg) -- Pattern Energy Group LP, a closely held U.S. renewable power developer, received financing from Siemens AG to build a 75-megawatt wind farm in Puerto Rico.

Siemens will also provide turbines for the project in Finca de Viento Santa Isabel, San Francisco-based Pattern said today in a statement. Construction is set to begin this month and will be complete in September. Puerto Rico Electric Power Authority will buy the electricity under a 20-year contract. Details of the financing agreement weren’t disclosed.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net


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