Pattern Energy Group Inc. PEGI PEG ("Pattern Energy") today announced the addition of four wind power projects and two solar power projects to its list of identified Right of First Offer (ROFO) projects from Pattern Energy Group LP ("Pattern Development"). The six projects total 723 megawatts (MW). A total owned interest of 526 MW is being added to the ROFO list.
Expands Pattern Energy's presence into New Mexico and Japan
Adds 526 MW to identified ROFO list, including 128 MW in Japan and 398 MW in New Mexico
Six new projects include two solar projects and four wind projects
All projects will have long-term power purchase agreements (PPAs)
Increases identified ROFO list to 14 projects with 1,346 MW of total owned capacity
"Since the IPO we have expanded the ROFO list by 182%, offering investors detailed visibility into our growth plans," said Mike Garland, President and CEO of Pattern Energy. "Between our operational facilities and our ROFO projects, we have also significantly expanded our reach, which now encompasses Chile, Japan, four provinces in Canada, Puerto Rico, and seven states across the United States."
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