Talen Energy and Pattern Energy to develop 1.4 GW of solar and wind portfolio
Post date: 14/04/2021 - 08:36
US utility Talen Energy Corporation has entered into a joint venture with Pattern Energy Group LP named »PT Energy Transitions« to pursue the development, financing, construction and operation of approximately 1.4 GW of utility scale renewable energy projects over the next five years. The initial PT Energy Transitions project portfolio is comprised of six solar facilities in Pennsylvania and a hybrid solar and wind facility in the Western United States.
The joint venture is an expansion of Talen and Pattern Energy's first joint development project, »Montour Solar One«, a 100 MW solar power plant to be built adjacent to Talen's legacy Montour fossil generating station in Washingtonville, Pennsylvania. Montour is among the coal-fired facilities that Talen announced will cease burning coal by the end of 2025. The joint venture is expected to invest approximately $2.0 billion into the energy transition over the next five years, beginning with the Montour Solar project, which is one of the largest renewable investments in Pennsylvania.
Talen is one of the largest competitive power generation and infrastructure companies in North America. The company owns and/or controls approximately 13,000 MW of generating capacity in wholesale U.S. power markets, principally in the Mid-Atlantic, Texas and Montana.
Pattern Energy is a developer and operator of wind, solar, transmission, and energy storage projects. Its operational portfolio includes 28 renewable energy facilities with an operating capacity of 4.4 GW in the United States, Canada and Japan. In 2019, Pattern Energy Group became part of the Canadian CPPIB pension fund.