Pattern Energy Group Inc. announced it completed the sale of the company’s 90-MW minority-owned interest in the K2 Wind power facility in Ontario for a purchase price of CAD $216.0 ($160.0 million U.S.), to a consortium of investors led by Axium Infrastructure. The transaction closed on December 31, 2018. “The sale of K2 at a…
Pattern Energy to enter renewables’ market in Japan
Pattern Energy Group announced a series of transactions including agreements to acquire 206 MW of owned capacity in projects from Pattern Energy Group LP (Pattern Development 1.0.) and Green Power Investments. This includes an additional investment in Pattern Energy Group 2 (Pattern Development 2.0.) to fund the acquisition of a controlling interest in GPI, a…
Pattern Energy’s Meikle Wind facility receives Project Excellence Award from Clean Energy BC
Pattern Energy Group announced its Meikle Wind-power facility received the Project Excellence Award from Clean Energy BC. The 179-MW Meikle Wind facility is located near Tumbler Ridge in British Columbia, Canada. “Pattern Energy’s Meikle Wind facility is an outstanding example of how to bring together zero-carbon energy generation, local economic development, and sustainable business,” said…
Wind work around North America
Once again, uncertainty over the PTC or federal wind energy tax credits have had a chilling effect on new wind project development once again across the country. On the upside, three federal grants of about $47 million each and intended to spur offshore wind development in New Jersey, Oregon, and Virginia, have been awarded to…