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Pattern Energy Group 2 LP

Company Summary

Description

A subsidiary company of Pattern Energy Group, Inc.

Website

http://investors.patternenergy.com/releases.cfm

Related Entities

Recent news

  • 11/5/2019 - Pattern Energy Agrees to... (subscriber access)
  • 9/4/2019 - Pattern Energy Commences... (subscriber access)
  • 11/26/2018 - Pattern Energy Acquires... (subscriber access)
  • 11/19/2018 - Pattern Development... (subscriber access)
  • 7/31/2018 - Pattern Energy Signs... (subscriber access)

Company Transactions

Date: 6/30/2020
Type: Acquisition

BUYERS:
  • Canada Pension Plan Investment Board
    • SELLERS:
  • Pattern Energy Group 2 LP
  • Pattern Energy Group Inc.
    • DETAILS:

    COST: 6.1 $B

    NOTES:
    Pattern Energy Group has entered into a deal with the Canada Pension Plan Investment Board whereby the CPPIB will acquire Pattern in an all-cash deal at $26.75 per share (enterprise value of $6.1 billion.) CPPIB will combine Pattern Energy and Pattern Development (Pattern Energy Group Holdings 2 LP) under a single firm once the deal closes in the second quarter of 2020.
    REGIONS:
  • North America

    • Date: 11/26/2018
    Type: Acquisition

    BUYERS:
  • Pattern Energy Group Inc.
    • SELLERS:
  • Pattern Energy Group 2 LP
    • ASSETS:
  • Stillwater Wind Facility
    • DETAILS:

    COST: 23 $MM

    VOLUMES: 35 MW

    NOTES:
    Pattern Energy Group acquired a 35 MW owned interest in the Stillwater Wind facility in Stillwater County, Montana, from Pattern Energy Group 2 LP for $23 million. The 80 MW facility commenced operations in late October and will generate energy for more than 23,000 Montana homes.