TORONTO, Sept. 12, 2011 /PRNewswire/ -- Pattern Energy Group LP (Pattern) announced today that it has partnered with Samsung Renewable Energy (Samsung) to acquire the Armow wind power project in Ontario from ACCIONA. The capacity of the wind energy project, located in the Township of Kincardine, has been increased to 180 megawatts (MW), allowing it to produce enough clean energy each year to power nearly 50,000 local homes. It will also prevent more than 675,000 metric tonnes of CO2 from entering the atmosphere each year, compared to coal-fired generation.
The Armow wind farm will utilize local Ontario-made wind turbine components from the new Siemens factories in Tillsonburg and Windsor. The project is expected to begin construction in 2013 and be completed in 2014.
"Pattern and Samsung are delivering on their commitment to provide clean energy for Ontario using locally-made wind turbines," said Mike Garland, CEO of Pattern Energy. "We were attracted to the Armow project for its strong wind resource, support from the municipality and friendly landowners. Together with Samsung, we will be assuming all of the existing real estate contracts with landowners and will actively take over permitting and development of the project."
"Samsung is pleased to announce the acquisition of Armow Wind Power Project," said Cheol-Woo Lee, Senior Executive Vice President of Samsung C&T Corporation. "As part of our commitment to Ontario under the Green Energy Investment Agreement, Samsung and its partners are establishing four manufacturing plants in Ontario and developing up to 2500 MW of renewable energy projects, creating approximately 16,000 direct and indirect jobs. This acquisition brings us one step closer to our goal of generating clean energy and jobs for generations to come."
"We look forward to working with the community on the Armow project," added Garland. "We are committed to continuing the high-quality development practices of ACCIONA and becoming a respected and responsible neighbor in Kincardine."
Pattern and Samsung recently announced they have signed power purchase agreements with the Ontario Power Authority (OPA) for the Armow project and three additional wind power projects under development in Ontario. The four wind projects will provide a total of 870 megawatts (MW) of clean wind energy, enough to power more than 300,000 homes every year. The other three projects in Ontario are the 270 MW South Kent Wind project under development in Chatham-Kent, the 270 MW K2 Wind project in the Township of Ashfield-Colborne-Wawanosh and 150 MW of wind from the Grand Renewable Energy Park, a wind and solar power project under development in Haldimand County.
Pattern and Samsung will be utilizing Ontario-made wind turbine components for the four projects totaling 870 MW. A total of 600 MW of wind turbine components are currently committed from the new factories in Tillsonburg and Windsor. Samsung and its partners have committed to bring $7 billion in investment to Ontario to create 2,500 MW of new renewable energy sources. This investment is helping to establish four manufacturing facilities in Ontario, creating 1,440 jobs building wind and solar technology for use in Ontario and export across North America.
About Samsung C&T Corporation
Founded in 1938, Samsung C&T is the mother company of the Samsung Group, South Korea's largest conglomerate with interests in electronics, chemicals, finance, and numerous other fields. Today, the company's two business groups – Trading & Investment and Engineering & Construction – are involved in a broad and growing portfolio of businesses, delivering creative, integrated business solutions to customers worldwide through a network of over 100 offices in 44 countries. Both business groups have achieve many landmark accomplishments over the years in preparation for such an opportunity - among them, launching one of Korea's first solar energy projects and building the world's tallest skyscraper. Samsung C&T, Korea Electric Power Corporation (KEPCO) and Pattern Energy plan to build and operate the world's largest renewable energy cluster in Southern Ontario. Samsung was selected by the Ontario Government for its rapidly expanding expertise in the alternative energy field, but also for the proven track record of constructing projects of similar scale from planning and financing through to execution. Samsung and its partners intend to take advantage of Ontario's talented workforce and hire locally. Samsung C&T is an emerging global leader in new and renewable energy solutions with projects in Canada, the United States, Costa Rica, Korea, France, Italy, Greece, and Turkey.
Pattern Energy Group LP is an independent, fully integrated energy company that develops, constructs, owns, and operates renewable energy and transmission assets in the United States, Canada and Latin America. With a long history in wind energy, Pattern's highly-experienced team of scientists, engineers, construction experts, and legal and financial professionals has developed, financed and placed into operation more than 2,500 MW of wind power projects. Pattern is strongly committed to promoting environmental stewardship and is dedicated to working closely with landowners and communities to create premier renewable energy projects. Currently operating 520 MW of wind energy in North America, Pattern is scheduled to start construction on new projects totaling more than 1,000 MW over the next 12 months. The Company's full development pipeline exceeds 4,000 MW of renewable energy and transmission projects. Pattern has offices in San Francisco, San Diego, Houston, New York, and Toronto. For more information, please visit www.patternenergy.com.
SOURCE Pattern Energy Group LP