Riverstone’s Pattern Energy to sell wind facility stake for $216 mln

Pattern Energy Group Inc (TSX, Nasdaq: PEGI) has agreed to sell its stake in K2 Wind, a 270-megawatt wind power facility located in Ontario's Ashfield-Colborne-Wawanosh region, for $216 million. The buyer is a group of investors led by Axium Infrastructure, a Canadian infrastructure investment firm. Pattern, Axium and Capital Power Corp jointly back K2 Wind, which began commercial operations in 2015. Capital Power is also selling its interest to the Axium-led consortium. Pattern Energy Group LP, Pattern Energy’s main shareholder, is backed by U.S. private equity firm Riverstone Holdings.

DealsCanadaNorth AmericaBriefs