The project was acquire by Pattern Energy in December 2014 for $113m, represents the company’s fourth operational wind power facility in the state.
Pattern Energy owned interest of 164MW in facility, while the remainder is owned by four institutional tax equity investors.
Located in Comanche County, Texas, US, the project is expected to create enough clean energy to power 50,000 homes annually.
American retailer Walmart will purchase 58% of the total output from the facility, under a 10-year power purchase agreement.
Walmart energy vice president Mark Vanderhelm said: "Walmart has a goal to be supplied by 100 percent renewable energy, and sourcing from wind energy projects — like the Logan’s Gap Wind Facility — is a core component in the mix.
"The energy we’ll procure from this facility represents nearly one-fifth of the U.S. portion of our goal to source seven billion kilowatt hours of renewable energy by 2020. That’s a significant leap forward on our renewable energy journey."
Additionally, about 17% of the expected output of the project will be sold to A-/Baa2-rated financial institution under a 13-year fixed price agreement while the remaining 25% output will be sold at ERCOT spot market prices.
The project, which created 550 jobs during construction phase, will be connected to Oncor’s 138KV ComancheZephyr line that supplies power to the Dallas-Fort Worth area.
Pattern Energy CEO Mike Garland said: "We are increasingly partnering with America’s leading companies as they recognize that wind power, which continues to decline in cost, is both good for the environment and good for business."
Image: Logan’s Gap Wind power plant features Siemens SWT-2.3-108 wind turbines. Photo: courtesy of Siemens AG.
