Pattern’s Gulf Wind project, which features Merlin SCADA radar technology, is strategically located to leverage the favorable wind conditions for the production of energy during times of peak demand and peak pricing to meet the power needs of 80,000 Texas homes.
MetLife’s investment in the Gulf Wind project that incorporates project debt and consistent cash flows builds upon more than $1bn that MetLife has already invested in renewable energy projects as part of its sustainable effort to benefit the environment.
Pattern Energy CEO Mike Garland said that the company welcomes MetLife’s involvement in the Gulf Wind project.
“MetLife’s participation allows the partnership to efficiently use the tax benefits associated with the project and, together with Pattern’s recent operational improvements, continues our commitment to ensuring Gulf Wind is a premier wind energy project,” Garland said.
