ESG Today reports that San Francisco-based Pattern Energy operates wind, solar, transmission and energy storage projects, with an operational portfolio of 6 GW in the US, Mexico, Japan and Canada. Additionally, the company is invested in upcoming projects totaling 25 GW.

SunZia is a green power project located in New Mexico and it is expected to produce 3.5 GW of power, which would be enough to power 1.2 million homes. The transmission power lines have a length of around 844 kilometers and will connect New Mexico and south-central Arizona. SunZia could start generating power in 2026.

Daniel Elkort, Executive Vice President at Pattern Energy, said that "the size and scale of both the SunZia project and this multifaceted financing show that the renewable energy space can secure attractive capital at levels previously only seen in traditional generation."

The 8.8 billion green loans were provided by 15 North American, European and Japan-based banks, while Nomura and CPP Investments provided equity capital for the project.