Pattern Energy Group LP has secured a total of more than $800 million in equity funding from investment funds controlled by Riverstone Holdings LLC, Pattern management and select employees. The fundraising will be used primarily to finance the expansion of Pattern's development, construction and operating pipeline of wind and renewable energy projects. The financing will also be used for general corporate purposes.
Pattern Energy has completed investments in wind energy projects exceeding a total of $1 billion in the past nine months. Pattern has 522.4 MW of North American wind projects in operation or under construction. Pattern's longer-term development pipeline exceeds 4,000 MW, including 2,000 MW of near-term renewable energy projects.
Pattern Energy is currently constructing the St. Joseph wind farm, a 138 MW wind project located in Manitoba. In northern California, Pattern is currently constructing Hatchet Ridge Wind, a 101.2 MW wind project.
SOURCE: Pattern Energy Group LP Â Â