Pattern seals Canadian wind
US company completes purchase of 51% of 179MW Meikle Wind farm
Pattern Energy has completed the acquisition of a 51% interest in the 179MW Meikle Wind farm (pictured) in British Columbia for $68 million.
The US company had announced in June plans to jointly own Meikle with Canadian pension fund Public Sector Pension Investment Board (PSP).
Each partner's share of the wind farm has been purchased from investment vehicle Pattern Development 1.
“Completing the acquisition of Meikle Wind adds British Columbia’s largest wind power facility to our portfolio and is one of the first initiatives in our new strategic relationship with PSP Investments,” Pattern chief executive Mike Garland said.
PSP has also agreed to co-invest in Pattern's 143MW Mont Sainte-Marguerite and 182MW Panhandle wind farms in Canada.
Image: Pattern Energy