Pattern Energy completes sale of 90 MW minority stake in K2 wind project
Pattern Energy Group Inc. and Capital Power have announced the completed sale of 90 megawatt minority owned interest in the 270 MW K2 wind power facility in Ontario for a purchase price of CAD$216 million (US$160 million), to a consortium of investors led by Axium Infrastructure. The transaction closed on December 31, 2018.
Pattern Energy will record a pretax gain of approximately US$71 million on the sale.
Located in the Township of Ashfield-Colborne-Wawanosh, Ontario, the wind facility is comprised of 140 Siemens SWT-2.3 101 wind turbines.
Country updates
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April 10, 2019
Emera Energy sells last CCGT to NB Power
Emera Energy has sold its 280 MW Bayside power plant located in Saint John, New Brunswick to New Brunswick Power (NB Power). Emera did not retain advisers for the deal. In 2017, the facility underwent...
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April 09, 2019
Kineticor enters into agreement to acquire 32 MW cogeneration project in Canada
Kineticor Resource Corporation has announced that it has entered into an asset purchase and sale agreement with Tidewater Midstream and Infrastructure Ltd. to acquire the 32 MW cogeneration facility c...
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April 09, 2019
TransAlta announces investment by Brookfield Renewable Partners
TransAlta Corporation has announced an investment by Brookfield Renewable Partners and its institutional partners. Under the terms of the agreement, Brookfield will invest CAD750 million (US$562 mil...
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March 21, 2019
Connor, Clark & Lunn Infrastructure and Desjardins complete acquisition of Canadian hydroelectric projects
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and Régime de Rentes du Mouvement Desjardins, Desjardins Financial Security Life Assurance Company, and Certas Home and Auto In...
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March 16, 2019
Ontario utility to build 44 MW solar park on Lake Erie shores
The old Ontario Power Generation Nanticoke Generating Station, the once North America's largest coal-fired power plant located on the shores of Lake Erie, was re-purposed for a 44 MW solar farm. Const...
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