Pattern Energy has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind.
SunZia Transmission is a 550-mile ± 525 kV high-voltage direct current (HVDC) transmission line between central New Mexico and south-central Arizona with the capacity to transport 3,000 MW of electricity across Western states. SunZia Transmission will deliver clean power generated by Pattern Energy’s 3,515 MW SunZia Wind facility, which is being constructed across Torrance, Lincoln, and San Miguel Counties in New Mexico.
This financing includes an integrated construction loan and letter of credit facility, two separate term facilities, an operating phase letter of credit facility, a tax equity term loan facility and a holding company loan facility.
