Pattern Energy Group LP recently closed an $11 billion non-recourse financing and began full construction of SunZia Transmission and SunZia Wind.
SunZia Transmission is a 550-mile high-voltage direct current transmission line between central New Mexico and south-central Arizona with the capacity to transport 3,000 MW of electricity across Western states.
SunZia Transmission will deliver power generated by Pattern Energy’s 3,515 MW SunZia Wind facility, which is being constructed across Torrance, Lincoln, and San Miguel Counties in New Mexico.
The financing includes an integrated construction loan and letter of credit facility, two separate term facilities, an operating phase letter of credit facility, an innovative tax equity term loan facility and a holding company loan facility.
SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority on the development of the transmission project in New Mexico.
California community choice aggregators Central Coast Community Energy and Silicon Valley Clean Energy have each signed 15-year contracts with Pattern Energy Group to receive energy from SunZia Wind.
