Wind energy project in Puerto Rico closes on financing

Pattern Energy Group LP said that financing has been completed for Finca de Viento Santa Isabel, the first commercial wind energy project in Puerto Rico.

The construction financing for the 75 MW wind project has been provided by Siemens Financial Services. Construction on the project is expected to begin in October 2011 and be completed in September 2012.

The wind farm will be equipped with Siemens (NYSE: SI) SWT-2.3-108 turbines. Pattern has entered into a 20-year power purchase and operating agreement with the Puerto Rico Electric Power Authority for all of the wind energy generated from the project.

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