Acquisition Expands Pattern’s Clean Energy Portfolio Across the United States and Canada
HOUSTON, SAN FRANCISCO, TORONTO — Pattern Energy Group (Pattern Energy), a leader in clean energy and transmission infrastructure, today announced the completion of its acquisition of Cordelio Power, an independent power producer in Canada and the United States. The transaction further expands one of the largest independent clean energy infrastructure platforms in North America.
“Closing this transaction marks a significant milestone for Pattern Energy as we continue to scale our platform to meet North America’s growing energy needs,” said Hunter Armistead, Chief Executive Officer of Pattern Energy. “Cordelio brings a highly complementary portfolio of quality assets and a talented team. Together, we are even better positioned to Power the Future.”
Through the acquisition, Pattern Energy adds approximately 1,550 megawatts of operating and in-construction assets, including 16 wind, solar, and energy storage projects across the United States and Canada. Pattern has also acquired the majority of Cordelio’s development pipeline in key U.S. markets, along with Cordelio’s experienced team.
The combined platform strengthens Pattern Energy’s scale, development capabilities, and operational expertise, enabling the company to more efficiently deliver complex clean energy infrastructure projects.
Evercore Group L.L.C. served as exclusive financial advisor to Pattern Energy. Skadden, Arps, Slate, Meagher & Flom LLP and Osler, Hoskin & Harcourt LLP served as legal counsel to Pattern Energy. JPMorgan acted as financial advisor to Cordelio Power.
About Pattern Energy
Pattern Energy is one of the world’s largest privately owned developers and operators of clean energy and transmission infrastructure. With more than 40 facilities across North America, Pattern’s portfolio includes wind, solar, and energy storage projects that deliver reliable, affordable power to millions of customers. With nearly 12,000 MW of operating and in-construction capacity, Pattern Energy is focused on meeting growing energy demand while strengthening communities and responsibly powering the future. For more information, visit www.patternenergy.com.