Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Pattern Buys 200-Megawatt Texas Wind Farm to Sell Wal-Mart Power

Aug. 5 (Bloomberg) -- Pattern Energy Group LP, the closely held renewable energy developer associated with Pattern Energy Group Inc., bought a 200-megawatt wind farm in Texas that will sell power to Wal-Mart Stores Inc.

Pioneer Green Energy LLC began developing the Logan’s Gap project in Comanche County last year and has a 10-year contract to sell Wal-Mart about 60 percent of the wind farm’s power, San Francisco-based Pattern said today in a statement. Terms of the purchase weren’t disclosed.

Pattern expects to arrange financing for the project and begin construction in the fourth quarter, according to the statement. It’s expected to begin producing electricity in late 2015.

Pattern is the third-largest shareholder in Pattern Energy Group Inc., which began trading publicly in September, according to data compiled by Bloomberg. Pattern Energy Group Inc.’s website says its objective is to acquire power projects, including from the affiliated LP.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tina Davis

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.