Pattern Energy Acquires 324MW Broadview Wind Facilities
ByThe California investor acquired interest in the two wind projects that comprise the 324-megawatt Broadview Wind power facilities and the associated independent 35-mile 345-kilovolt Western Interconnect transmission line for $215 million in cash and an assumed project loan of $54 million.
Pattern Energy Group Inc. acquired from Pattern Energy Group LP (Pattern Development 1.0) interests in the 324-megawatt Broadview Wind power facilities and associated independent 35-mile 345-kilovolt Western Interconnect transmission line. The independent power company paid $269 million; $215 million in cash, funded from available corporate liquidity, and an assumed project loan of $54 million secured by Western Interconnect. Broadview, located 30 miles north of Clovis, N.M., began commercial operations in late March…
Pattern Energy Acquires 324MW Broadview Wind Facilities
