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Pattern Energy confirms $11 billion investment in the USA

Pattern Energy Group LP has finalized $11 billion in financing for the SunZia Transmission and SunZia Wind projects, the largest clean energy infrastructure project in U.S. history.

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The SunZia project includes a 550-mile high-voltage DC transmission line between New Mexico and Arizona, with a capacity of 3,000 MW. It is complemented by SunZia Wind, a 3,515 MW wind farm – the largest in the Western Hemisphere – currently under construction in Torrance, Lincoln and San Miguel counties.
SunZia’s financing includes various credit facilities and term loans, as well as an innovative credit facility for tax equity. This financing is structured as green loan facilities, in accordance with the Green Loan Principles. Major banks and financial institutions involved in the financing include BNP Paribas, Crédit Agricole and others.

Environmental Impact and Benefits of the Project

SunZia aims to provide clean electricity to around 3 million Americans, with economic benefits estimated at over $20 billion. The project is part of the United States’ efforts to decarbonize the country, by increasing the share of renewable energies in the energy mix.
Construction of the SunZia Transmission and Wind projects has begun, employing over 2,000 workers. Companies involved in the construction include Quanta Infrastructure Services Group for the transmission line and Blattner Energy for the wind power project. Wind turbines are supplied by GE Vernova and Vestas.
Pattern Energy’s SunZia project marks a milestone in the development of clean energy infrastructure in the United States, underlining the importance of massive investment in renewable energies.

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