Pattern Energy Buying Panhandle 2 Wind Farm for $123.8 Million

Nov. 12 (Bloomberg) — Pattern Energy Group Inc. is buying
a Texas wind farm from affiliated Pattern Energy Group LP for
$123.8 million.

With the acquisition of the 182-megawatt project in Carson
County, Pattern now owns 11 wind farms with a total capacity of
almost 1.5 gigawatts, including the adjacent 172-megawatt
Panhandle 1 project bought earlier this year, according to a
statement today. Terms weren’t disclosed.

Panhandle 2 uses 79 2.3-megawatt Siemens AG turbines. The
wind farm is contracted to sell about 80 percent of its output
to an affiliate of Morgan Stanley as a longterm price hedge,
with the balance selling at spot-market prices.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Alex Devine

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