SAN FRANCISCO, CALIFORNIA, November 19, 2015 – Pattern Energy Group LP (“Pattern Development”) announced its 122 megawatt (MW) Conejo Solar PV power project was awarded the Renewables Collaboration of the Year by the Chile International Renewable Energy Congress (CIREC). The award recognizes Conejo Solar as an innovative industry collaboration that will have a positive impact on development of the renewable industry in Chile.
The Conejo Solar PV power project is being constructed approximately 30 kilometers east of Taltal in Chile’s Atacama Desert.
“Conejo Solar is our first foray into solar development in Chile and we are honored that it has been recognized for the positive impact it will have on the country,” said Mike Garland, President and CEO of Pattern Development. “The Chilean market provides opportune conditions for partnerships between mining companies and renewable energy developers. The Conejo project demonstrates that a global mining company such as Antofagasta Minerals S.A. (AMSA) and a global leading renewable energy developer can successfully work together and forge a path to a new energy future. We previously developed El Arrayán Wind, the largest wind power facility in Chile, and together with Conejo Solar, one of the largest solar projects in Latin America, it provides us with a strong platform for future growth in the country.”
Construction of the project is expected to be completed in the summer of 2016.
Conejo Solar has a 22-year power purchase agreement with Minera Los Pelambres, an affiliate of Antofagasta Minerals, for approximately 65% of the project’s output over the term of the agreement. The project will connect to the Sistema Interconectado Central (SIC) transmission system and is located on public lands owned by the government of Chile, under a long-term concession.
Pattern Development’s affiliate company Pattern Energy Group Inc. (NASDAQ: PEGI) (TSX: PEG) (“Pattern Energy”) has previously added the Conejo Solar project to its identified Right of First Offer (iROFO) list.
Pattern Energy Group LP (Pattern Development) is a leader in developing renewable energy and transmission assets. With a long history in wind energy, Pattern Development’s highly-experienced team has developed, financed and placed into operation more than 4,000 MW of wind power projects. A strong commitment to promoting environmental stewardship drives the company’s dedication in working closely with communities to create renewable energy projects. Pattern Development has offices in San Francisco, San Diego, Houston, New York, Toronto, Santiago, Chile, and Tokyo, Japan. For more information, visit www.patterndev.com.
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