Pattern Energy buys 33% interest in Ontario wind project

Pattern Energy Group Inc. (Nasdaq: PEGI) closed on its one-third acquisition in the 270-MW K2 Wind Power Facility in Ontario from Pattern Energy Group LP.
 
Pattern Energy will hold a 33 percent stake in the wind project, which is co-owned by Samsung Renewable Energy Inc. and Capital Power LP.
 
K2 Wind consists of 140 Siemens (NYSE: SI) 2.3 MW turbines and has a 20-year power purchase agreement with the Independent Electricity System Operator (IESO).

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...