Renewable Energy Finance: Pattern Energy's $11bn Financing Fuels America's Largest Clean Energy Initiative

published on 28 December 2023

Pattern Energy Group has secured $11bn for the groundbreaking 3.5 GW SunZia Wind and 550-mile SunZia Transmission projects.

 Innovative Financing: The non-recourse package comprises $8.8bn in construction and term facilities as well as $2.25bn tax equity term loan, provided by a consortium of lenders including BNP Paribas, Credit Agricole and Banco Santander.

Monumental Climate Milestone: SunZia will power over 3 million people, especially in Arizona and southern California. The project is a strategic fit for these solar-dominant regions, enhancing their electricity networks.

Collaborative Success: Pattern Energy will continue to collaborate with development partners like GE Vernova, Vestas and Hitachi Energy as well as power off-takers such as Shell and Clean Power Alliance during the construction phase.

Next stop: Commercial operation in 2026.

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The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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