25 September 2012

Shepherds Flat 845 MW Wind Farm Commences Official Operations

Arlington, Oregon – 22 September 2012 - Caithness Energy announced today that its Shepherds Flat Wind Farm is operational and generating up to 845 Megawatts of clean wind energy. 

Located in northeastern Oregon near the town of Arlington, the project is one of the world’s largest wind farms. The project’s output is contracted through 20-year power purchase agreements with Southern California Edison. The clean electricity generated by Caithness Shepherds Flat will make a positive impact on the environment. The Wind Farm will eliminate 1.483 million metric tons of CO2 annually, the equivalent of taking approximately 260,000 cars off the road. In addition to its environmental benefits, Caithness Shepherds Flat will enhance Oregon’s economy. Producing an estimated 2 billion kWh each year, the Wind Farm will have an annual economic impact of $37 million for the State. Additionally, the project employed over 400 workers during its construction, and will permanently employ 45 workers. 

“The completion of Caithness Shepherds Flat is an excellent example of how Oregon can attract significant investments in the building blocks of the future economy, showcasing our state as a key player in new economic growth and resilience,” said Oregon Governor John Kitzhaber. 

The Wind Farm resulted from a successful collaboration between the public and private sectors. To make the project a reality, Caithness Shepherds Flat leveraged the talents and expertise of world-class partners in the energy, technology and financial services sectors. Those leaders included Caithness Energy, GE Energy Financial Services, Google, Tyr Energy, and Sumitomo Corporation of America. The project also enjoys the support of Oregon’s elected officials on the federal, state and local levels, and was one of the first clean energy projects to utilize the U.S. Department of Energy’s loan guarantee program. 

“The project provides long term jobs and other economic benefits in the community, while making clean power available to thousands of homes and businesses across the region,” said Karl Usami, CEO & President of Tyr. 

“Long-term conservation of the environment is important to Sumitomo and we continue to make investments in clean energy in the U.S. and globally,” said Teruyuki Miyazaki, Executive Director, Power & Telecommunications Business Unit of Sumitomo Corporation of America. 

Caithness Energy is a pioneer in the development, acquisition, operation, and management of renewable energy and other clean projects in the United States. Other Caithness projects have included wind, solar, geothermal, and advanced technology combined cycle generation, which utilizes clean domestic natural gas.

Based in Overland Park, Kansas, Tyr Energy, Inc. is wholly-owned by ITOCHU Corp. and ITOCHU International, Inc. The company and its affiliates own equity interests in 14 power projects located in Alabama, California, Georgia, Oklahoma, Oregon, Texas, Virginia and Wisconsin, with total gross capacity of 7,000 MW. 

Sumitomo Corporation of America is a wholly owned subsidiary of Sumitomo Corporation, a Japanese integrated trading and investment enterprise engaged in multifaceted business activities with consolidated assets of $87.8 billion. 

Source: Sumitomo Corporation of America