Panhandle Wind 1

Carson County, Texas

Commercial Operation 2014
Facility Megawatt Capacity 218
Owned Megawatts 172
Equipment Manufacturer General Electric
Equipment Model 1.85-87-60Hz-93m
Equipment Quantity 118
Power Purchaser Citigroup Energy
Revenue Type Hedge
Contract Tenor 2027
526 Million

gallons of water conserved

888,000

metric tons of CO2 avoided

60,000

houses powered

*how we arrived at these numbers

*Offset metrics are based on comparison with region coal fleet emissions when available or average US coal fleet

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Panhandle Wind 1 is a 218 MW facility located in the Texas Panhandle in Carson County, Texas. The facility consists of 118 General Electric 1.85 MW turbines and commenced commercial operations in July 2014. Pattern Energy acquired an ownership interest of 172 MW in Panhandle 1 from Pattern Development, following its commencement of commercial operations.

Approximately 77% of the expected output of Panhandle 1 is contracted under a 13-year energy price hedge, with an A-/Baa2 credit-rated affiliate of Citibank, with the balance sold at ERCOT's spot market prices. Panhandle 1 utilizes Texas' new Competitive Renewable Energy Zone (CREZ) transmission infrastructure, which connects to the state's main power grid operator, Electric Reliability Council of Texas (ERCOT).

The Panhandle Wind 1 project is located on approximately 52 distinct land parcels and has entered into long-term lease agreements with the landowners.