Pattern Energy Acquires a One-Third Interest in 270 MW K2 Wind Power Facility

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Pattern Energy Acquires a One-Third Interest in 270 MW K2 Wind Power Facility

Pattern Energy Group Inc. has closed the acquisition of a one-third interest in the 270 MW K2 wind power facility in Ontario from Pattern Development.

Pattern Energy will hold a 33% equity interest in the facility, which is equally co-owned by Samsung Renewable Energy, Inc. and Capital Power LP.

One of the largest wind power facilities in Canada, the 270 MW K2 Wind has the capacity to generate clean energy for approximately 100,000 Ontario homes annually. Located in the Township of Ashfield-Colborne-Wawanosh (ACW) in southwestern Ontario, K2 Wind is comprised of 140 Siemens 2.3 MW wind turbines and operates under a 20-year PPA with the Independent Electricity System Operator (IESO).

The acquisition of K2 Wind expands Pattern Energy’s operations in Canada to four wind power facilities.

Mike Garland, President and CEO of Pattern Energy, stated:

“We are closing on our interest in K2 Wind on schedule, growing our operations in Canada to four facilities with a total of 430 owned MW.”

Through the last month we have reported on several wind projects in Canada:

 

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