San Francisco-based Pattern Energy has acquired the up to 1GW Clines Corners wind complex in Torrance and Guadalupe counties, New Mexico, from Orion Wind Power Resources – a joint venture between Orion Renewable Energy Group and Map Energy. With this acquisition, Pattern Energy now has more than 4 GW of wind projects in development across New Mexico, representing over $8 billion of planned investments.
“Pattern Energy is expanding its commitment to New Mexico by increasing its investment in clean power, helping to build the state into a major renewable energy producer and benefitting New Mexico for generations,” said Mike Garland, CEO of Pattern Energy. The company is also co-developing the Western Spirit Transmission Line, which is owned by the New Mexico Renewable Energy Transmission Authority.
In 2017, Pattern Energy financed and built a new dedicated transmission line for its 544 MW Broadview and Grady Wind facilities, bringing clean power to new customers. The addition of Clines Corners Wind to the company’s portfolio marks a promising milestone for Pattern Energy to replicate that success with its Western Spirit Wind and Western Spirit Transmission Line.
Pattern Energy is one of the world’s largest privately-owned developers and operators of wind, solar, transmission, and energy storage projects. Its operational portfolio includes 28 renewable energy facilities that use proven, best-in-class technology with an operating capacity of 4.4 GW in the United States, Canada and Japan.
REGlobal’s views: New Mexico’s wind and solar resources are some of the best in the world. With the levellised cost of energy for both solar and wind now cheaper than any other source of electricity, the state holds a significant opportunity to become a regional supplier of clean power to other states. Pattern Energy’s plan to expand its presence across project generation, transmission infrastructure and energy storage spaces is an intelligent strategy and is very well in sync with the ongoing energy transition globally.
