Pattern Energy, PSP Investments acquire Québec wind facility

Pattern Energy Group Inc (Nasdaq, TSX: PEGI) and Public Sector Pension Investment Board (PSP Investments) have acquired the 147 megawatt Mont Sainte-Marguerite Wind power facility in the Chaudière-Appalaches region of Québec. Mont Sainte-Marguerite was acquired from Pattern Development. Pattern Energy took a 51 percent stake for about $52 million and will manage the facility. PSP Investments accounted for a 49 percent interest. Last year, PSP Investments invested in Pattern Energy and agreed to co-invest US$500 million in projects acquired by the San Francisco-based power company. Pattern Energy’s main shareholder is backed by Riverstone Holdings.

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