World's Largest Wind Farm to Receive $1.3 billion DOE Loan Guarantee
When completed, Shepherds Flat wind farm will be the largest wind farm in the world; will sell 100% of wind energy generated to Southern California Edison.
The US Department of Energy announced on October 8 a conditional commitment to provide a partial loan guarantee for $1.3 billion in support of the Shepherds Flat wind farm, the world's largest wind energy project. Caithness Energy LLC's Shepherds Flat wind farm will be an 845-megawatt wind energy facility in eastern Oregon.
Sponsored by Caithness and General Electric (GE) Energy Financial Services, the wind energy project consists of 338 of GE's 2.5xl wind turbines, which are being deployed for the first time in North America. Once completed, the Shepherds Flat wind farm will sell 100% of the wind energy generated to Southern California Edison through 20-year fixed-price power purchase agreements.
The Shepherds Flat wind farm will reduce emission of 1,215,991 tons of carbon dioxide per year, an amount equivalent to the annual greenhouse gas emissions from 212,141 passenger vehicles. According to Caithness, the wind energy project will directly create 400 construction jobs, followed by 35 permanent jobs on site.
The Shepherds Flat wind farm is the largest wind energy project to date to receive an offer of a conditional commitment for a loan guarantee under the Financial Institution Partnership Program (FIPP), a DOE program supported by the American Recovery and Reinvestment Act. It demonstrates the U.S. government's confidence in wind energy as a strong source of clean, renewable energy.