Talen Energy Corp., one of North America’s largest competitive power generation and infrastructure companies, and Pattern Energy Group, developers and operators of wind, solar, transmission, and energy storage projects, recently entered into a joint venture to pursue the development, financing, construction and operation of approximately 1.4 gigawatts of utility scale renewable energy projects over the next five years.
The venture, PT Energy Transitions, expands Talen and Pattern Energy’s first joint development project, Montour Solar One. That program will build a 100 Megawatt solar power plant adjacent to Talen’s legacy Montour fossil generating station in Washingtonville that will be one of the state’s largest renewable investments.
The new joint venture will comprise six solar facilities in Pennsylvania and a hybrid solar and wind facility in another state. It will invest approximately $2 billion, beginning with the Montour Solar project.
“Our joint venture accelerates our country’s energy transition by utilizing Pattern Energy’s leadership in renewable energy development together with Talen’s land position and legacy transmission interconnection assets,” Mike Garland, Pattern Energy president and CEO, said. “We look forward to executing on these projects in partnership with Talen and to growing the scope of our PT Energy Transitions joint venture in the years ahead.”