Pattern Energy Group has closed the previously announced acquisition of a one-third interest in the 270 MW K2 Wind Power Facility in Ontario from Pattern Energy Group LP. 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.
‘We are closing on our interest in K2 Wind on schedule, growing our operations in Canada to four facilities with a total of 430 MW owned,’ says Mike Garland, president and CEO of Pattern Energy.
Located in the Township of Ashfield-Colborne-Wawanosh in southwestern Ontario, K2 Wind comprises 140 Siemens 2.3 MW wind turbines and operates under a 20-year power purchase agreement with the Independent Electricity System Operator.
The acquisition of K2 Wind expands Pattern Energy's operations in Canada to four wind power facilities.