Pattern Energy Group Inc. is in discussions to acquire a 90 MW interest in the 180 MW Armow Wind power facility in Ontario from Pattern Energy Group LP (Pattern Development).
Pattern Energy intends to fund the acquisition with available liquidity from its recent equity offering; the transaction is expected to close within the next 30 to 45 days.
Armow Wind, located near Kincardine, is jointly owned by Pattern Development and Samsung Renewable Energy Inc. The facility reached commercial operations in December 2015 and operates under a 20-year power purchase agreement with the Independent Electricity System Operator.
