NV Energy signs contract with Pattern Energy for wind energy project

Las Vegas, February 9, 2010 — NV Energy and Pattern Energy Group LP announced that the two companies have entered into a 20-year power purchase agreement for energy produced from a proposed wind energy project in eastern Nevada.

The 150-MW Spring Valley Wind Project is expected to be generating electricity by late 2011. The project would create more than 150 jobs during the construction phase and about 10 permanent positions.

Terms of the power purchase agreement, which is subject to approval by the Public Utilities Commission of Nevada, were not disclosed.

NV Energy currently has nearly 1,000 MW of geothermal, solar, biomass, hydro, waste-heat recovery and wind energy under contract or in the project development stage.

Headquartered in Las Vegas, Nevada, NV Energy, Inc. is a holding company with principal units, Nevada Power Company and Sierra Pacific Power Company, doing business as NV Energy.

Serving a combined 54,500-square-mile service territory, NV Energy provides a wide range of energy services and products to about 2.4 million citizens of Nevada and nearly 40 million tourists annually.

Pattern Energy Group LP is an independent energy company that develops, constructs, owns and operates renewable energy and transmission assets across North America and parts of Latin America. Pattern is currently constructing a 101.3 MW project in Northern California.

Pattern’s development pipeline exceeds 4,000 MW of wind power in various states and four countries, in addition to several power transmission and natural gas projects. Pattern’s 80-person staff has developed, financed, and placed into operation more than 2,000 MW of wind power.

 

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