Pattern Energy completes sale of 100% interest in Green Power Investment Corp.

Pattern Energy Group LP (Pattern Energy) has completed the sale of its directly-owned Japanese assets and 100% of its interest in its affiliate in Japan, Green Power Investment Corp. (GPI), to NTT Anode Energy Corporation and JERA Co., Inc.

Green Power Investment Corporation (GPI) is a Japanese developer, owner, and operator of renewable energy assets. The founder of GPI, Toshio Hori, was one of the earliest pioneers in renewable energy, having built some of the first large-scale wind power projects in Japan, the United States and Europe. GPI is headquartered in Tokyo and has a team of more than 200 professionals covering all areas of expertise necessary to operate and manage a full-scale renewable energy business.

Since Pattern Energy acquired majority ownership in 2015, GPI has grown into one of the largest independent renewable platforms in Japan with a team of over 200 professionals with extensive experience and knowledge of renewable energy operations. The sale is the culmination of a successful investment into the Japanese renewable market and a partnership between Pattern Energy and GPI.

Terms of the transaction were not disclosed.