SAN FRANCISCO, Dec. 8, 2016 /CNW/ -- Pattern Energy Group Inc. (NASDAQ: PEGI) (TSX: PEG) ("Pattern Energy") today announced its 150 MW Amazon Wind Farm Fowler Ridge in Benton County, Indiana received a Top Plant Award in the renewables category from POWER magazine. All of the electricity generated by Amazon Wind Farm Fowler Ridge supplies the electric grids that service Amazon Web Services (AWS) datacenters.
"We are honored to receive this prestigious recognition for our Amazon Wind Farm, which was the first investment in a wind farm by Amazon Web Services," said Mike Garland, CEO of Pattern Energy. "We are now working with Amazon, Google and Walmart, demonstrating that America's leading corporations are increasingly investing in, or buying power from, clean energy sources like wind power. We see this growing trend driving the development of more new wind projects."
"The trend of large corporations becoming key renewable energy project partners is a significant new disruptive element in the power industry," said POWER's editor, Gail Reitenbach, "and this award recognizes that shift. Amazon Wind Farm is unique among our award winners, as it is the only one with this sort of business plan."
The Amazon Wind Farm Fowler Ridge began operations in January of this year. The 150 MW facility creates enough clean energy to power approximately 46,000 homes each year, according to average annual residential energy use data from the U.S. Energy Information Administration. The facility consists of 65 Siemens 2.3 MW wind turbines with 'Made in America' components. The turbine blades, nacelles, towers, and transformers were manufactured in the United States.
An average of 175 workers were on site during construction with up to 300 workers on site during peak construction activity. There are ten full-time permanent workers that operate and maintain the facility. The Amazon Wind Farm Fowler Ridge is expected to add an estimated $45 million to the regional economy over 25 years through property taxes, landowner royalties, and support for local causes.
About Pattern Energy
Pattern Energy Group Inc. is an independent power company listed on The NASDAQ Global Select Market and Toronto Stock Exchange. Pattern Energy has a portfolio of 18 wind power facilities, including one it has agreed to acquire, with a total owned interest of 2,644 MW in the United States, Canada and Chile that use proven, best-in-class technology. Pattern Energy's wind power facilities generate stable long-term cash flows in attractive markets and provide a solid foundation for the continued growth of the business. For more information, visit www.patternenergy.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities laws, including statements regarding the ability of corporations buying power from clean energy to drive the development of more new projects, the number of homes the Amazon Wind Farm Fowler Ridge facility creates enough clean energy to power each year, and the estimated amount such facility is expected to add to the regional economy over 25 years. These forward-looking statements represent Pattern Energy's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Pattern Energy's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Pattern Energy does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Pattern Energy to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Pattern Energy's annual report on Form 10-K and any quarterly reports on Form 10-Q. The risk factors and other factors noted therein could cause actual events or Pattern Energy's actual results to differ materially from those contained in any forward-looking statement.
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SOURCE Pattern Energy Group Inc.