Pattern Energy Group Inc. (Nasdaq: PEGI) increased its Right of First Offer (ROFO) list on a 150-MW wind energy project in Indiana.
Pattern added 116 MW of owned interest in the Amazon Web Services Wind Farm - formerly named the Fowler Ridge Wind Farm – to its list of identified ROFO projects from Pattern Energy Group LP (Pattern Development). The wind project has a 13-year power purchase agreement to supply Amazon Web Services, an Amazon.com company, with the output.
Pattern Development expects to begin construction of the project in April with operations scheduled in late 2015 or early 2016. Pattern Development owns 100 percent of the project, and Pattern Energy will acquire a 120-MW share.
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