Samsung and Pattern Close Financing for Grand Renewable Wind Project,
Jumpstarting Job Creation in Ontario
Over 1,000 Ontario workers will be involved in project construction and
TORONTO, Ontario, Sept. 17, 2013 /CNW/ - Samsung Renewable Energy, Inc.
(Samsung) and Pattern Energy Group LP (Pattern Development) today announced
the completion of financing for the 150 megawatt (MW) Grand Renewable Wind
(GRW) project in Haldimand County, Ontario. Utilizing Ontario-made wind
turbine blades and towers, the GRW project will produce clean energy equal to
the needs of approximately 50,000 Ontario homes each year. The 150 MW GRW
project will be accompanied by Grand Renewable Solar, a 100 MW solar power
project, with both projects providing a combined capacity of 250 MW of
More than 1,000 workers from across Ontario will be involved in every aspect
of the GRW project – from manufacture and assembly of the wind turbine
components to site construction, installation work and project operations.
Hundreds of workers will be on site during construction, including local
subcontractors that will be utilized for various aspects of the project's
construction. The GRW project will begin construction soon and is scheduled to
be completed in the fall of 2014.
"Samsung is proud to be working with the community and our Six Nations
partners on the construction of this project," said Mr. K.J. Kim, Executive
Vice President, Samsung C&T. "The Grand Renewable Wind project, along with our
other projects in the Province, is creating thousands of high-skilled jobs
that will benefit real people in this community and across Ontario."
"Pattern is very pleased to be starting the construction of our second project
in Ontario, both of which will use towers and blades manufactured,
respectively, in Tillsonburg and Windsor," said Mike Garland, CEO of Pattern
Development. "It is an honor to have the Six Nations as a partner in this
groundbreaking project and we would like to thank the community of Haldimand
for their support. The Grand Renewable Wind project is bringing many benefits
to Ontario, including new jobs, tax revenue, economic stimulus, and clean
power. This is one of four wind projects we are building in Ontario as part of
our commitment to help the Province develop strong new sources of clean energy
for a brighter future."
The Grand Renewable Wind project will support the local economy with more than
$4 million in direct spending each year of project operations. This includes
significant funding for community initiatives with a contribution of
approximately $10 million over a period of 20 years to a Community Vibrancy
GRW will utilize 67 Siemens 2.3MW wind turbines, which will be made in
Ontario. The blades will be manufactured at Siemens' turbine blade facility in
Tillsonburg and CS Wind's facility in Windsor is using Ontario-made steel to
manufacture the turbine towers.
"Siemens is proud to be a partner in the Grand Renewable Wind project as it
represents a significant contribution of the Green Energy Act to establishing
and maintaining a green collar manufacturing and service economy in the
Province of Ontario," said Jacob Andersen, vice-president, Wind Power, Siemens
The Grand Renewable Wind project will allow Ontario to reach its clean energy
goals and continue to move away from its dependence on dirty coal production.
Compared to coal-fired generation, each year the GRW project will offset
approximately 423,000 tonnes of CO2, the equivalent of taking nearly 83,000
cars off the roads, and conserve enough water to meet the needs of
approximately 12,000 Ontarians. The wind power generated at GRW will be sold
to the Ontario Power Authority under a power purchase agreement.
About Samsung Renewable Energy, Inc. Samsung Renewable Energy is creating
clean, renewable energy for generations to come. Together with our partners,
Samsung is making a $5-billion investment in Ontario to create the world's
largest cluster of wind and solar power. Our investments will create 900
direct renewable energy manufacturing jobs and 9,000 high-skilled jobs in
Ontario. Built on Samsung C&T's commercial and technical expertise and the
success of its renewable energy projects in several countries – including
the United States and Europe – Samsung is creating real jobs, through real
investment, benefitting real people. For more information, please visit
About Pattern Development Pattern Energy Group LP (Pattern Development) is an
independent, fully-integrated energy company that develops, constructs, owns,
and operates renewable energy and transmission assets in the United States,
Canada and Latin America. With a long history in wind energy, Pattern
Development's highly-experienced team of scientists, engineers, construction
experts, and legal and financial professionals has developed, financed and
placed into operation nearly 3,000 MW of wind power projects. A strong
commitment to promoting environmental stewardship drives the Company's
dedication to work closely with landowners and communities to create premier
renewable energy projects. Pattern Development has developed over 1,400 MW of
wind energy capacity that is in operation or under construction in North
America, Chile and Puerto Rico. The Company's full development pipeline
exceeds 3,000 MW of renewable energy and transmission projects. Pattern
Development has offices in San Francisco, San Diego, Houston, New York, and
Toronto. For more information please visit www.patternenergy.com.
Tim Smitheman Samsung Renewable Energy 416-817-9362 email@example.com
Matt Dallas Pattern Development 917-363-1333 firstname.lastname@example.org
SOURCE Pattern Energy Group LP
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CO: Samsung Renewable Energy, Inc.
NI: OIL UTI ENV LOAN MNA
-0- Sep/17/2013 13:01 GMT
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