Pattern Energy, PSP close acquisition of Meikle wind facility

Pattern Energy Group Inc (Nasdaq, TSX: PEGI) has closed its buy of a 51 percent interest in the 179 megawatt Meikle wind power facility in the Peace region of British Columbia. The San Francisco power company paid US$68 million for the stake. The remaining 49 percent was acquired by Canada's Public Sector Pension Investment Board (PSP Investments). In June, PSP Investments agreed to co-invest US$500 million in projects acquired by Pattern, including the Meikle facility. Pattern Energy Group LP, Pattern's main shareholder, is backed by U.S. private equity firm Riverstone Holdings.

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