Riverstone's Pattern closes buy of stake in Ontario wind facility
Pattern Energy Group Inc (TSX: PEG) has completed its purchase of a one-third equity interest in the 270 megawatt K2 Wind Power Facility in Ontario from Pattern Development. The deal's value was previously disclosed as US$128 million plus an estimated US$218 million in debt. The wind facility, which is co-owned by Samsung Renewable Energy and Capital Power LP, is located in the Ashfield-Colborne-Wawanosh township of southwestern Ontario. Pattern Energy Group LP, Pattern Energy’s primary shareholder, is backed by U.S. private equity firm Riverstone Holdings.
22 June 2015•3 mins read
