Finavera closes sale of wind projects to Riverstone-backed Pattern Energy
Finavera Wind Energy Inc (TSX-V: FVR), a Vancouver-based company focused on developing renewable energy opportunities, has completed its previously announced sale of 184 megawatts of wind projects to Pattern Energy Group LP (NASDAQ: PEGI) (TSX: PEG). The gross cash consideration was $28 million. Pattern Energy, a wind and transmission platform based in San Francisco, has been a portfolio investment of U.S. private equity firm Riverstone Holdings since 2009. The company went public in 2013.
22 April 2014•2 mins read
