Pattern Energy Group Inc. (Nasdaq: PEGI) added wind and solar energy projects totaling 723 MW of generating capacity to its list of identified right of first offer (ROFO) projects from Pattern Energy Group LP.
The four wind projects and two solar projects are located in New Mexico and Japan. The New Mexico/California project is a 497-MW wind power project being built in multiple stages. The project is at an advanced stage of development and terms of the power purchase agreements (PPA) for the multiple phases are in final documentation.
Tsugaru is a 125-MW wind power project located in Japan. The project has qualified for a 20-year PPA and is in late-stage development. Ohorayama is a 33-MW wind power project also located in Japan with a 20-year PPA with Shikoku Electric Power Co. The Otsuki wind project in Japan is a 12-MW fully operational wind energy farm with a 12-year PPA with Shikoku Electric Power Co.
Futtsu Solar is a 42-MW solar power project under construction in Japan. The project has a 20-year PPA with Tokyo Electric Power Co., and Kanagi Solar is a 14-MW project under construction in Japan. The project has a 20-year PPA with Chugoku Electric Power Co.
The addition of these six projects increases Pattern’s ROFO list to 14 projects with a total owned capacity of 1,346 MW.
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