Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: August 10, 2010

Project Name: Alta Wind Energy Center
Year in Operation:
Sector: Energy
Subsector: Energy Generation
Status: Design / Construction
Type: New Facility
Description: 1,550 megawatt, $2.6 billion, wind farm under development near Mojave, CA. Terra-Gen Power LLC broke ground in July 2010 on what will be the world's largest wind-power project. When fully developed in 2015, the project will double each of the current two largest projects in Texas. The project
Delivery Method as described in the country where it's located: Privatization
Is the project still active: Yes
Comments: Privately developed wind farm. Developer has obtained 3.6billion in financing commitments, and has obtained a power purchase agreement for 1,550 MW with Southern California Edison.

Project Locations

Address:
City: Mojave
State: California
Country: United States of America

Souces of Project Support (Non-monetary)

No sources of support selected!

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers

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Direct Cash Support

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From Other Public Entities - Direct Grant of Appropriated Public Funds: None so far. US Federal government has allocated funds from the ARRA (Stimulus act) to other similar projects.

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From Private Capital Markets Directly to Producers as Debt: $1.6 billion committed. $2.0 billion more will be required.

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From Producers as Equity: Amount is not known. ArcLight Capital and Global Infrastructure Partners have been providing equity.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
0
0
Forms
Description
Other
private agreements. 

Project Value (If and As Known)

Date of Estimated Project Value: July 27, 2010
Project Value
Hard Cost
Hard & Soft Costs
Total
$2-10 Billion US
$2-10 Billion US

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