U of Wyoming Gets $4.25 Mil for Wind Research

windfarm1The University of Wyoming receives $4.25 million for the federal government for wind energy research. This school news release says the three-year, Department of Energy-EPSCoR grant will fund wind farm modeling, transmission grid monitoring and the economics derived from wind-generated power.

The grant will support 12 researchers from those five UW departments as well as researchers from Montana Tech. Researchers from other academic institutions, Cornell University and Western Ontario University, and four national government labs — the National Renewable Energy Laboratory in Golden and Boulder, Colo.; Sandia National Laboratories in Albuquerque, N.M.; Lawrence Livermore National Laboratory in Livermore, Calif.; and Pacific Northwest National Laboratory in Richland, Wash. — are expected to be involved in the work.

naughton“The grant will be used to look at barriers for penetration of renewables into the electrical grid,” says Jonathan Naughton, a UW professor in the Department of Mechanical Engineering and director of UW’s Wind Energy Research Center. Naughton is the principal investigator of the grant. “Our focus is on wind. Obviously, for Wyoming, that’s most prevalent. This is work relevant to the state’s economy.”

Potential impacts of the project include: improved location placement of wind farms; better control and efficiency of wind farm generation; more reliable integration of wind generation with the power grid; and a better understanding of the economic benefits of wind farms and grid optimization.

The release goes on to say rthe project will focus on three interdependent areas: 1. Development of and optimization of wind plant performance, 2. Development of a measurement-based transmission grid modeling capability, and 3. Development of fully integrated economic models for more diverse and variable energy generation and transmission scenarios.

Renewables Outpacing Nuclear

According to a recent Vital Signs, renewable energy is outpacing nuclear electricity expansion even though renewables still have a long way to go to catch up with fossil fuel power plants. Michael Renner, senior researcher with Worldwatch Institute writes that nuclear energy’s share of global power production has declined steadily from a peak of 17.6 percent in 1996 to 10.8 percent in 2013. Renewables increased their share from 18.7 percent in 2000 to 22.7 percent in 2012.

According to the International Atomic Energy Agency, following a rapid rise from its beginnings in the mid-1950s, global nuclear power generating capacity peaked at 375.3 gigawatts (GW) in 2010. Capacity has since declined to 371.8 GW in 2013. Adverse economics, concern about reactor safety and proliferation and the unresolved question of what to do with nuclear waste have put the brakes on the industry according to Renner.

Vital Signs - NuclearIn contrast, wind and solar power generating capacities are now on the same soaring trajectory that nuclear power was on in the 1970s and 1980s. Wind capacity of 320 GW in 2013 is equivalent to nuclear capacity in 1990. The 140 GW in solar photovoltaic (PV) capacity is still considerably smaller, but growing rapidly.

In recent years, renewable energy has attracted far greater investments than nuclear power. According to estimates by the International Energy Agency (IEA), nuclear investments averaged US$8 billion per year between 2000 and 2013, compared with $37 billion for solar PV and $43 billion for wind. Individual countries, of course, set diverging priorities, but nowhere did nuclear have a major role in power generation investments.

In contrast with investment priorities, research budgets still favor nuclear technologies. Nuclear energy attracted $295 billion, or 51 percent, of total energy R&D spending between 1974 and 2012. But this number has declined over time, from a high of 73.6 percent in 1974 to 26 percent today. Renewable energy received a cumulative total of $59 billion during the same period (10.2 percent), but its share has risen year after year. Because wind and solar power can be deployed at variable scales, and their facilities constructed in less time, these technologies are far more practical and affordable for most countries than nuclear power reactors. Worldwide, 31 countries are operating nuclear reactors on their territories. This compares to at least 85 countries that have commercial wind turbine installations.

The chances of a nuclear revival seem slim writes Renner. Renewable energy, by contrast, appears to be on the right track. But it is clear that renewables have a long way to go before they can hope to supplant fossil fuels as the planet’s principal electricity source.

ACCIONA Windpower Installs First AW125/3000

gI_46398_Acciona_AW3000_125_1ACCIONA Windpower has completed the installation of the world’s first AW125/3000 wind turbine, which combines a 125 meter rotor with a 3 megawatt wind turbine generator. The turbine is mounted on a 120 meter concrete tower at ACCIONA’s Vedadillo Experimental Wind Farm located in the Navarra Region of Spain. The company has fulfilled orders for an additional 552 MW of AW125/3000 turbines which will be installed at wind farms around the globe in the coming months.

Launched in 2013, the AW125/3000 is an extension of ACCIONA Windpower’s AW116/3000 wind turbine. The 125 meter rotor is among the largest rotors in operation at any onshore wind farm, capturing the wind energy from an area of over 12,300 square meters to deliver maximum production at a lower cost of energy. The AW125 is suitable for a wide range of wind conditions and is certified for IEC Class IIb, IIIa, and IIIb.

“The 125 meter rotor is one of the technological advances made by ACCIONA Windpower as part of our commitment to lower the cost of energy for our customers,” said Jose Luis Blanco, CEO of ACCIONA Windpower. “Design innovation is helping ACCIONA Windpower emerge as a preferred supplier by many major customers and fueling the rapid growth in orders for the AW3000 platform.”

The AW 125/3000 turbine at the Vedadillo Wind Farm will help ACCIONA Windpower complete the requisite testing for Type Certification, which is expected to be complete by Q1 2015. The AW125 is available on 100 and 120 meter concrete towers and an 87.5 meter steel tower.

ContourGlobal Inaugurates Peru Wind Farm

The Cupisnique and Talara Wind farms located in Peru are now producing wind energy. The projects were completed by ContourGlobal, through it subsidiary Energia Eolica S.A., and with the first kilowatts produced, have become the largest wind farm owner and operator in the country.

ContourGlobal Wind Farm in PeruWith a combined investment of nearly US $250 million, the Cupisnique and the Talara Wind Farms are the first operational projects in the northern region of the country and were connected to the National Interconnected Electric System (SEIN) last month. Each of the projects has secured a 20-year Power Purchase Agreement under Peru’s Renewable Energy Resource Program.

“With the inauguration of ContourGlobal’s Peruvian wind farms, the country is taking a big step towards realizing the benefit of integrating wind power into the nation’s electricity grid. Peru is blessed with abundant wind resources, which makes wind generated electricity significantly less expensive than many of the fossil fuel power plants in the country,” said Alessandra Marinheiro, CEO of ContourGlobal Latam.

The development of the wind farms took 22 months beginning in October 2012. ContourGlobal managed the construction of the sites, featuring Vesta’s wind turbines. The 62 turbines are installed in two locations along Peru’s windy Pacific coast and are Peru’s largest wind farms as well as the largest wind farms in South America outside of Brazil.

“We would like to express our appreciation to COFIDE (Corporacion Financiera de Desarollo—Peru’s national development bank), the Government of Peru and the communities of Pacasmayo and Talara for helping us to place Peru’s largest wind complex into operation today,” added Joseph C. Brandt, president & CEO of ContourGlobal. “We have found Peru to be a very hospitable destination for new investment and look forward to growing with the country in the years to come.”

DOE Supports Taller Wind Turbine Tower Development

The U.S. Department of Energy (DOE) has awarded $2 million to support the development of technologies to harness stronger winds available at higher heights. The goal is to increase the amount of wind energy produced. The projects will take place in Iowa and Massachusetts and are aimed at reducing the cost of wind energy as well as expand the areas where wind energy can be successfully harnessed.

ISU taller wind tower researchIn the northeastern, southeastern, and western United States, winds near the ground are often slower and more turbulent, reducing the amount of electricity installed turbines can generate. Taller wind turbines capture the stronger, more consistent winds available at elevated heights, increasing the number of potential locations where wind farms can supply cost-effective power to American businesses and homeowners. While wind turbines installed in 2013 had an average height of 260 feet, the projects announced today will support new design and manufacturing techniques to produce towers nearly 400 feet tall.

Keystone Towers of Boston, Massachusetts will utilize its grant dollars to implement an on-site spiral welding system that will enable turbine towers to be produced directly at or near the installation site, freeing projects of transportation constraints that often limit turbine height. Adapted from an in-field welding process used by the pipe manufacturing industry, Keystone’s spiral welding technique can be scaled up to produce large diameter steel towers that they report will be 40 percent lighter than standard turbine towers, which could lower the cost of energy by 10 percent.

The second grantee, Iowa State University, will develop a hexagonal-shaped tower that combines high-strength concrete with pre-stressed steel reinforcements to assemble individual tower modules and wall segments that can be easily transported and joined together on-site. Due to the modular design, thicker towers capable of supporting turbines at increased heights can be produced at a reduced cost.

$8B Green Energy Plan Proposed for LA

Pathfinder Renewable Wind Energy, Magnum Energy, Dresser-Rand and Duke-American Transmission have jointly proposed a $8 billion green energy plan that would bring large amounts of renewable power to the Los Angeles, California area by 2023. The companies will formerly submit their proposal to the Southern California Public Power Authority by early 2015.

If accepted, the project would require construction of one of America’s largest wind farms in Wyoming, one of the world’s biggest energy storage facilities in Utah, and a new 525-mile electric transmission line connecting the two sites. The proposed project would generate more than twice the amount of electricity produced by the giant 1930s-era hydroelectric dam in Nevada – 9.2 million megawatt-hours per year vs. 3.9 million megawatt-hours.

“This project would be the 21st century’s Hoover Dam – a landmark of the clean energy revolution,” said Jeff Meyer, managing partner of Pathfinder Renewable Wind Energy.

A key component of the project is a massive underground energy storage facility that would yield 1,200 megawatts of electricity, equivalent to the output of a large nuclear power plant and enough to serve an estimated 1.2 million L.A.-area homes. According to the proposal, the underground energy storage facility would help solve one of renewable energy’s biggest challenges – its intermittency. Wind farms produce no electricity when there’s no wind; solar farms produce no electricity when there’s no sun.

Linking the wind farm to the energy storage facility would enable the wind farm to function largely like a traditional coal, nuclear or natural gas power plant – capable of reliably delivering large amounts of electricity whenever needed, based on customer demand.

The energy storage facility also would reduce the need for L.A.-area utilities to build expensive backup power plants and power lines to serve customers on days when there’s no wind, at night when there’s no sunlight, and during other periods when traditional wind and solar farms are unable to produce electricity.

According to the plan, Duke-American Transmission would build a $2.6-billion, 525-mile, high-voltage electric transmission line that would transport the Wyoming wind farm’s electricity to the Utah energy storage facility. From there, using an existing 490-mile transmission line – traversing Utah, Nevada and California- electricity would be transmitted from the Utah energy storage facility to the Los Angeles area.

Black Oak Wind Farm Looking for Investors

The first community owned wind farm in New York is looking for investors. Black Oak Wind Farm, LLC has opened a new equity investment round for New York residents and companies to join the existing investors in owning the wind farm. The project will consists of 7 turbines located on a ridge in Enfield, New York.

Black Oak Wind Farm LogoAn AA credit rating institution is purchasing all the power output from the project for ten years. The project was awarded a ten-year contract with NYSERDA for its Renewable Energy Credits and qualifies for the Federal Investment Tax Credit. Black Oak has protected itself against the financial risk caused by wind variability through the use of an innovative risk management product offered by Nephila Capital, in partnership with REsurety.

Project Manager Marguerite Wells is leading the project. Her vision for community ownership stems from the fact that most wind farms don’t allow local residents to invest in the projects they live among. “I asked myself a long time ago…if wind farms are profitable then why shouldn’t they be owned by regular local people instead? I quickly learned that wind farm financing is extremely complex, and although community ownership is a common model in Europe, there are few such projects here in the U.S.”

One similar project is South Dakota Wind Partners, a 7-turbine wind farm owned by 614 South Dakotans. Val-Add Service Corporation, the financial consultants who developed that project, are members of the Black Oak team, as is Juhl Energy, based in Pipestone, MN. The PPA was negotiated by Altenex; GE will be providing the turbines (1.7-100’s) and the O&M services. Tetra Tech Construction, based in Gloversville, NY will build the project; COD is expected Fall 2015.

The current round is open only to accredited investors in the State of New York, with another round opening this fall for non-accredited investors.

Bridge to Clean Energy Future Act Unveiled

Representatives Earl Blumenauer (OR-03) and Dave Loebsack (IA-02), along with 16 other members of Congress, have introduced HR 5559, the Bridge to a Clean Energy Future Act of 2014. If passed, the bill would extend incentives to provide market certainty and to strengthen investment in clean energy such as extending the Production Tax Credit (PTC) for wind energy through 2016, offering parity with the Investment Tax Credit enjoyed by solar energy investments, and granting the solar industry the same access to credits at the start of a project’s construction that the wind industry has.

Iowa Wind Farm Photo Credit Joanna Schroeder“I’m eager to push this across the finish line this Congress,” said Blumenauer. “My state of Oregon is a leader in renewable energy technologies, and Dave’s state of Iowa is the second largest wind energy producer in the nation, so we understand the importance of stability and security in the clean energy sector. His help will be important in advancing this legislation. Making sure these energy sources are on an even playing field with the fossil fuel industry is essential to lowering carbon emissions, creating a cleaner environment, and creating good, non-exportable American jobs.”

According to the representatives, creating a tax landscape for renewables that allows them to compete fairly in the market with other energy sources benefits the country by creating a healthier environment and thousands of jobs. It also puts renewable energy on an equal footing with traditional fossil fuels, giving consumers choice about how they want to power their homes and their lives.

“The Production Tax Credit has helped the still-growing U.S. wind energy industry employ 80,000 Americans, including thousands of Iowans,” added Loebsack. “Like all businesses, the wind energy sector needs stability and predictability so long term investments and business decisions can be made. The continued expiration of the PTC causes slow-downs at manufacturing facilities and could lead to additional lay-offs. For our nation to move towards energy independence and continued job growth, we need to prioritize clean energy like wind and act immediately to pass this extension of the PTC.”

Lotnisko Wind Farm Contruction Begins in Poland

September 10, 2014 marked the official beginning of construction of the 90 MW Lotnisko wind farm based in Kopaniewo, Poland. It is one of the largest projects in the Polish wind power industry. The ceremony was attended by Marek Woszczyk, PGE Odnawialna S.A1, President of the Board; Maciej Górski, PGE Energia 90 MW Lotnisko wind farm in PolandOdnawialna S.A., President of the Board; Lesław Kuzaj, Alstom, President of the Board; Mirosław Kowalik, Alstom Thermal Power and Renewable Sales and Marketing Director; Alexis de Beaumont, Alstom Renewable Spain, Regional Vice President; and several local officials.

The construction of the Lotnisko wind farm will be conducted by Alstom who was awarded the contract in June 2014. This is the first wind power project implemented by Alstom Poland. The project includes supply, installation and commissioning of 30 Alstom ECO 110 3MW wind turbines, equipped with a 110m diameter rotor, 90m high steel tower and a SCADA2 remote control system. Completion of the wind farm is scheduled for Q 4 of 2015.

“Alstom is proud to contribute to this project, thus confirming our involvement in the development of the wind power sector and the effort to build a sustainable energy mix in Poland,” said Yves Rannou, Senior Vice President of Alstom Wind business.

Northern Power Launches Distributed Wind Turbines

Northern Power Direct Drive Distributed Wind TurbineNorthern Power Systems has unveiled its next generation permanent magnet/direct drive distributed wind turbines. The 100 kilowatt NPS 100C and the 60 KW NPS 60C are now commercially available for use around the world.

According to the company, new 24.4 meter rotor features state-of-the-art hub and blade technology with superior aerodynamics providing a larger swept area compared to the outgoing model. This increases the annual energy production (AEP) of the NPS 100C-24 and 60C-24 by up to 15% depending on wind conditions. In combination with Northern Power’s proprietary permanent magnet/direct drive technology, the company says these new turbines are industry leading in power performance, energy production and lifetime cost of ownership.

Northern Power System’s first turbines were deployed in 2008. The improved, design reduces foundation and installation costs according to the company, and further improvements include a new best in class brake system, industry leading yaw configuration, an enhanced electrical layout, more efficient generator cooling, and an ultrasonic wind vane and anemometer. The new class III 24.4 meter rotor is available on the 100kW and 60kW model. The NPS 100C is alternatively available with a class II 21 meter rotor option.

Wind Turbines Outperforming Expectations at Honda

Wind turbine energy output is exceeding expectations just six months after installation at the Honda Transmission Mfg of America plant located in Russells Point, Ohio. The two wind turbines have exceeded the projected power output figures by 6.3 percent. The turbines, standing 260 feet tall with 160-foot blades, were initially projected to produce upwards of 10,000 megawatt hours (MWH) of electricity per year, accounting for approximately 10 percent of the plant’s annual power needs. The turbines have outperformed company projections in four of the six months since operation began. At their highest output, the turbines provided 16.26 percent of the plant’s power requirements for the month of April.

“We are extremely pleased with the performance of the wind turbines’ production over their first six months,” said Gary Hand, Vice President of Honda Transmission Mfg. of America. “The turbines’ operation has exceeded the projections established during the project development.”

The wind turbines have also contributed toward reducing the CO2 emissions of power production, helping HHondaturbinesSMrevonda reach its voluntary goals to reduce the environmental impact of its products and manufacturing operations by 2020. This includes a 30 percent reduction in CO2 emissions from Honda products, and significant CO2 reductions from the company’s plants and other operations, compared with year 2000 levels.

We are pleased to observe the performance of the two on-site wind turbines are achieving results over and above what Honda had anticipated. From the outset, we were confident that the site location selected would allow the GE turbines to produce a significant amount of the facility’s’ energy requirements,” said Tyler Juhl, vice president of operations for Juhl Energy who developed and installed the turbines.

The installation of the turbines makes the plant the first major automotive facility in the United States to receive a substantial amount of its power from on-site wind turbines. The two turbines are owned by ConEdison Solutions.

Michael W. Gibson, vice president of energy services at ConEdison Solutions, added of the wind power achievement, “ConEdison Solutions takes tremendous pride in our commitment to customers, and we are proud to be helping Honda implement its innovative energy program at Russells Point. With this initiative, Honda has set an excellent example for the American manufacturing sector, and we are gratified that they have been pleased with its success.”

Nat Gas, Solar and Wind Lead Power Capacity Adds

During the first half of this year, natural gas, solar and wind lead all sources when it comes to new utility-scale generating capacity to come online. This report from the Energy Information Administration (EIA) says that 4,350 megawatts (MW) of new utility-scale generating capacity came online, with natural gas making up the lion’s share of those additions but solar and wind made bigger proportional gains compared to the first six months of 2013.
eiaaddsjanjune2014
Utility-scale capacity additions in the first half of 2014 were 40% less than the capacity additions in the same period last year. Natural gas additions were down by about half, while solar additions were up by nearly 70%. Wind additions in the first half of 2014 were more than double the level in the first half of 2013.

Of the states, Florida added the most capacity (1,210 MW), all of it natural gas combined-cycle capacity. California, with the second-largest level of additions, added just under 1,100 MW, of which about 77% was solar and 21% was wind, with the remaining additions from natural gas and other sources. Utah and Texas combined for another 1,000 MW, nearly all of it natural gas combined-cycle capacity with some solar and wind capacity in Texas.

In addition to the large additions by natural gas, solar saw strong year-on-year growth, adding 1,146 MW. Wind basically more than doubled the amount added in the same period last year, putting 675 MW generating capacity online.

Duke Energy to Build Los Vientos V Wind Project

Duke Energy Renewables has announced it will build, own and operate a 110 MW wind power project known as Los Vientos V located in Starr County, Texas. Garland Power & Light, Greenville Electric Utility System and Bryan Texas Utilities (BTU) have signed 25-year agreements to purchase the power produced by the project. With an expected completion date in late 2015,

DUKE ENERGY LOGO“We’re proud to be partnering with these progressive utilities to make renewable energy more widely available to their customers,” said Duke Energy Renewables President Greg Wolf. “One of the key advantages of our Los Vientos projects is they generate the majority of their power during the day, when customer demand is greatest.”

Vestas will supply 55 2-MW turbines for the project and once complete, Los Vientos V will produce enough emissions-free electricity to power about 33,000 homes.

“We are pleased to have contracted with Duke Energy Renewables for additional wind power for our customers,” said Jeff Janke, senior managing director of Garland Power & Light. “This coastal wind will help diversify our power supply portfolio.”

Milton Howard, Duke Energy Renewables executive, renewables development added, “We couldn’t have done it without the foresight of the leaders, landowners and people of Starr County. Thanks to them, we will be bringing significant construction jobs to the area, boosting economic development and supporting the local school district through dependable tax revenue for years to come.”

Once completed, Los Vientos III and IV — announced last year — and Los Vientos V will bring Duke Energy’s total wind-generated capacity to more than 2,100 MW.

Masdar Completes First Samoan Wind Farm

Somoa has its operational first wind farm. The ‘cyclone proof’ project is located on the Samoan island of Upolu. Home to nearly 75 percent of the population the wind farm will supply 1,500 MWh of power per year, delivering U.S. $475,000 in annual fuel cost savings. Ariel view of Samoa's first wind farmThe pioneering project in Samoa includes two 55 meters high turbines that can pivot at the base, and be lowered and locked in place in less than 1 hour. This collapsible design helps to avoid damage from the region’s numerous cyclones.

The Samoan Prime Minister, the Honorable Tuilaepa Aiono Sailele Malielegaoi marked the event with an inauguration ceremony just days before the start of the United Nations’ Third Conference on Small Island Developing States, in Samoa’s capital.

“This UAE supported project, and others like it underway across the Pacific, unlock significant economic and social benefits across the region. By providing local sources of renewable energy and reducing reliance on imported fuels, the UAE is helping countries like Samoa realize its development ambitions, while also delivering valuable clean energy infrastructure,” said His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Masdar. “Renewable energy has the potential to be a major contributor to the energy mix in developing countries, acting as a catalyst for greater socioeconomic opportunity. Today’s inauguration reinforces the UAE’s commitment to advancing and deploying renewable energy globally.”

The project was developed by Abu Dhabi-based Masdar and is the second completed under the United Arab Emirates’ (UAE) $50 million Pacific Partnership Fund that is managed by Abu Dhabi Fund for Development (ADFD). The UAE Pacific Partnership Fund supports the deployment of renewable energy across Pacific island One of the cyclone proof turbines in Soma's first wind farmstates and represents one of the largest-ever investments in clean energy across the region. The grant is managed by the Abu Dhabi Fund for Development, and coordinated by the Ministry of Foreign Affairs, Directorate of Energy and Climate Change. Masdar partners with each nation’s government and leads the design and implementation process.

The Prime Minister of Samoa, the Hon Tuilaepa Aiono Sailele Malielegaoi, added, “The new wind farm delivered by Masdar and funded by the ADFD is a significant step forward in Samoa’s transition to a more sustainable energy future. This has been possible thanks to the support of Abu Dhabi and the United Arab Emirates, and their commitment to advancing sustainable development. Access to renewable energy is vital to our long-term economic development, even beyond the substantial gains realized by cutting our dependence on imported fuel.”

First announced during Abu Dhabi Sustainability Week in January 2014, the Samoan wind farm is the second project to be completed under the fund. Masdar is also currently progressing solar PV projects in Fiji, Kiribati, Tuvalu, and Vanuatu. A 512 kWe solar PV installation in Tonga, achieving nearly 70 percent grid penetration, was the first project to be completed.

Arrayan Wind Farmed Commissioned in Santiago

The 115 MW El Arrayan Wind farm located 400 km north of Santiago on the coast of Chile has officially been commissioned. El Arrayan Wind connects to the Sistema Interconectado Central’s 220kVm transmission system and is located on approximately 15,320 acres of coastal land on a long-term lease with a single landowner. The President of Chile, Michelle Bachelet, together with Jean-Paul Luksic, Chairman of Antofagasta Minerals SA (AMSA) and Mike Garland, CEO of Pattern Energy Group Inc. officially opened operations in a ceremony.

The President of Chile, Michelle Bachelet, said during the ceremony, “I’m very happy to be here today because this project is important for our present and future energy needs. El Arrayan is the biggest wind farm in Chile and we are pleased at what we can achieve when we use the natural resources the earth has to offer. This project is another step toward meeting our energy agenda objectives. We want to have 45% of our energy come from clean energy resources by 2025.”

El Arrayan Wind Farm -ChileAccording to the World Bank, The El Arrayan Wind facility, which completed construction in June, will generate clean, renewable power equal to the needs of approximately 200,000 Chilean homes each year. The facility is utilizing 50 Siemens 2.3 MW wind turbines, which Pattern Energy is also using at other wind projects in Canada and the United States.

“Through this partnership, we have combined our financial and management skills to be part of the solution to one of the major challenges facing our country and the mining industry, which is the generation of clean energy sources,” added Jean-Paul Luksic, Chairman of Antofagasta Minerals SA.

Pattern Energy operates and owns 70 percent of the El Arrayan Wind facility. AMSA owns the remaining 30 percent minority stake. The project sells approximately 70 percent of its output to Minera Los Pelambres through a long-term fixed-for-floating hedge. The facility sells its remaining output into the Chilean spot market at the prevailing market price at the time of sale. In addition to its minority interest in the facility, AMSA is the controlling party of Minera Los Pelambres.

Mike Garland, CEO of Pattern Energy added, “We are honored to be joined at the project site by Madam President as we celebrate the opening of the country’s largest wind facility. Chile is a great market because of the President’s strong support for renewable energy policies, the country’s strong, stable economy and excellent natural wind resources, which can supply domestic energy to the country. We are also especially pleased to be here with our strong partner AMSA, which is demonstrating to the world that a global mining company can be a leader in clean, domestic energy.”