sun zia wind - reta new mexico · the nasdaq (“pegi”) and toronto stock exchange (“peg”)...
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Sun Zia Wind
May 2017
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© 2015
Company Overview
About Pattern Development
▪ Pattern Energy Group LP (Pattern Development) is a leading
independent wind, solar and transmission development company
▪ We develop and construct renewable energy and transmission
assets in the United States, Canada, Mexico, Chile, and Japan
▪ Our highly-experienced team has brought more than 4,500 MW of
wind power to market
▪ By combining creativity, focus and a scientific approach, we have
advanced our position as an industry leader and shown consistent,
groundbreaking work
– Our team was the first to successfully develop a utility-scale wind
energy project on Native American lands in the United States, on
the Gulf Coast of Texas, in the State of Nevada, and in the
Commonwealth of Puerto Rico
▪ Our current development pipeline includes 5,900 MW of wind and
solar power projects in addition to transmission projects
About Pattern Development
▪ We have expertise in all project stages: resource analysis, site
development, finance, construction and asset management
▪ Pattern Development’s affiliate company, Pattern Energy Group
Inc. (Pattern Energy), is an independent power company listed on
the NASDAQ (“PEGI”) and Toronto Stock Exchange (“PEG”)
– Pattern Energy has a portfolio of 16 wind power projects with a
total owned interest of 2,282 MW in the United States, Puerto
Rico, Canada, and Chile
▪ Strong commitment to delivering the highest value for our partners
and the communities where we work while promoting
environmental stewardship and corporate responsibility
▪ Offices in San Francisco, Houston, San Diego, New York, Toronto,
Mexico City, Santiago, and Tokyo
Our Values
▪ We use science and innovation to drive breakthroughs
– Utilizing a science-based approach drives our groundbreaking work
– Helps us discover important prospects, raise the bar for availability and
production, and deploy new technology to mitigate environmental impacts
▪ We develop and build high quality projects
– Focus on quality at every step of the development and construction
process to maximize production and build project to last for the long-term
– Use sophisticated engineering techniques, hire elite contractors, and
procure state-of-the-art equipment from leading industry vendors
▪ We protect the safety of our employees, contractors and the public
– No task is so important or urgent that it cannot be done safely
– Safety is incorporated into our decision making and considered in all
stages of project lifecycle
Community & Environmental Commitments
▪ We support the communities in our project areas
– Ensure our projects succeed by ensuring the project area communities
succeed
– Strive to build strong relationships with landowners, local officials, and
community members
– Earn trust through communication and collaboration and work to
structure our projects so benefits spread to the local communities
▪ We respect the land and the environment
– Consider it our responsibility to produce and transport clean, renewable
energy to consumers with the least amount of natural impact
– Aim to exceed industry standards and be a leader in the advancement of
best practices for the identification, assessment, and mitigation of our
environmental impacts
Core Competencies
Finance & Permitting
▪ Contract negotiation
▪ Project finance
▪ Permits / Real estate finalization
▪ Insurance
▪ Third party verification
▪ Hedging
▪ Community Relations
Origination & Development
▪ Greenfield / Acquisition
▪ Meteorology and analytics
▪ Community support
▪ Utility and supplier relationships
▪ Transmission /
Interconnection planning
Construction
▪ Engineering
▪ Construction management
▪ Project administration
▪ Site Biological and Archeological
monitoring and mitigation
▪ Environmental, Health and
Safety management
Corporate Administration & Support
Cohesive Management Team Since 2002
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
FORMED
PATTERN
DEVELOPMENT
9
34%Compounded
annual growth rate
2003–2015
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Cumulative Megawatts (financed and managed by Pattern Development management)
LAUNCHED
PATTERN
ENERGY IPO
4,500 MW+of capacity
30+wind projects completed
$12 billion+energy infrastructure assets financed
Ownership in Pattern Energy Group Inc.
Publicly traded company
Public
Shareholders
Ownership
(1) Represents shares held by the public shareholders as well as certain directors and members of management
~77%(1)
~23%
▪ NASDAQ listing: PEGI
▪ TSX listing: PEG
IPO on October 2, 2013
Pattern Development and Pattern Energy Portfolios
Pattern Development Pattern Energy
Chile JapanCanada / United States / Mexico
Owner
Meteorological Team
Pattern Meteorological Capabilities
• Development and operational focused scientific team with
backgrounds in atmospheric science and physics
• Project prospecting through high performance computing
center (MHPCC) and mapping
• Meteorological tower data quality control and maintenance
• Project siting and optimization
• Turbine site suitability analysis
• Calculate project uncertainties
• GIS and environmental mapping
• Operational wind farm assessments
• Short term forecasting and day ahead market analysis
13
Project Mapping and Visualizations
14
• Meteorological team is well versed
in GIS mapping and atmospheric
modeling
• Visualizing each project provides
another level of analysis for not only the
meteorological team, but also for
developers and community relations
Broadview Development
• Total Project nameplate capacity 544 MW
• BEJN: 181.7 MW (79 turbines planned) Q1 2017
• BEKW: 142.6 MW (62 turbines planned) Q1 2017
• GWEC 220 MW (96 turbines planned) Q4 2017
• Siemens 2.3 MW turbines with 108 m rotor
• Connecting with Western Interconnect LLC (formerly Tres Amigas “Phase Zero”
transmission line) at 345kV to Blackwater Substation with delivery into California
Market (CAISO)
• Transmission service through the Public Service New Mexico (PNM) and Arizona
Public Service (APS) transmission system
• Executed two 20 year power sale agreements with Southern California Edison (SCE)
for BEJN and BEKW
• Executed one 25 year power purchase agreement with Sacramento Municipal Utiltity
District (SMUD)
Key Project Information
~ 14 miles (324 MW on 42,000 acres)
~ 8 miles
BROADVIEW ENERGY PROJECTs
~ 22 miles (544 MW on 85,000 acres)
BEJN
BEKW
GRADY
BEJN
SWITCHYARD
WESTERN INTERCONNECT
Transmission Enabled Wind
SunZia Southwest Transmission Project
Corona Area Land (Inset with State and Federal land)
Torrance County
Lincoln County
SNZ Project Status
23
▪ 1,500 MW of Land Control
▪ 145,000+ acres under option
▪ ~ 900 MW PTC qualification via “Start
of Construction”
▪ Initial foundations for 30 turbines
▪ ~ 42,000 ft. of access roads
▪ Purchased turbines to allow for full PTC
qualification of 1,500 MW of wind
projects at SNZ project sites
▪ Over 5 years of wind data collected
▪ Installed and/or upgraded instruments
on 30 met tower masts
Commercial Interest Impact on Schedule
▪ Interest in New Mexico’s wind resource is magnified by the economic benefits of the
Federal wind production tax credit (PTC)
▪ To qualify for 100% of the PTC, the wind project must be in service by 12/31/2020
▪ Interested wind developers are looking to secure Power Purchase Agreements,
based on a price that includes 100% of the PTC
▪ Every year after 2020, the value of the PTC diminishes
Start of Construction
Federal Production Tax Credit
Example of Initial Excavation: Turbine Location
Start of Construction
Federal Production Tax Credit
Example of Initial Excavation: Turbine location with Mud Mat
Start of Construction
Federal Production Tax Credit
Example of Initial Excavation: connecting access roads
Start of Construction
Federal Production Tax Credit
Example of Initial Excavation: connecting access roads
Loralee Hunt
Manager, Project Development
Pattern Energy Group LP
Phone: 575.317.1574
Email: [email protected]