Pattern Energy to transfer Canadian wind project from Pattern Development

Pattern Energy Group Inc. has announced the addition of the 147 MW Mont Sainte-Marguerite Wind project to its list of identified Right of First Offer (ROFO) projects from Pattern Development.

The Mont Sainte-Marguerite Wind project, which is located approximately 50 kilometers south of Québec City in the Chaudière-Appalaches region, has entered into a 25-year power purchase agreement (PPA) with Hydro-Québec. Pattern Development expects to begin construction of the project in the third quarter of 2016 and anticipates reaching commercial operation in December 2017.

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

“This addition pushes us past the 1,000 MW mark for projects in Canada that are either operating or have been added to our ROFO list – and all of which have been secured with long-term PPAs. With a recent growth surge, Pattern Development has significantly expanded the number of new projects that will fuel Pattern Energy’s near-term and long-term growth. We look forward to announcing more ROFO additions in the near future.”

Pattern Development currently owns 100% of the 147 MW project and it is anticipated that Pattern Energy will acquire the full owned interest in the project. The addition of the Mont Sainte-Marguerite Wind project increases Pattern Energy’s ROFO list to nine projects with a total owned capacity of 977 MW.

The list of identified ROFO projects represents a portion of Pattern Development’s 3,500 MW pipeline of development projects, all of which are subject to Pattern Energy’s right of first offer.