Pattern Energy to Co-Develop 300-Megawatt Wind Project in Canada

Nov. 5 (Bloomberg) — Pattern Energy Group LP, the closely
held developer associated with Pattern Energy Group Inc., has
formed a joint venture with Henvey Inlet First Nation to develop
a 300-megawatt wind farm in Ontario.

Pattern will own half of the project in Parry Sound
District, according to a statement today from the San Francisco-based company. Henvey Inlet First Nation’s Nigig Power Corp.
will own the remaining 50 percent.

Construction and long-term debt financing is expected to be
arranged in 2016, according to the statement.

The Ontario Power Authority has agreed to buy electricity
from the wind farm under a 20-year contract.

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
Robin Saponar, Will Wade

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us