Pattern Energy Buys One-Third Interest In 270 MW K2 Wind Power Facility

(RTTNews) - Pattern Energy Group Inc. (PEGI, PEG.TO) Monday said it has closed the previously announced acquisition of a one-third interest in the 270 megawatt K2 Wind Power Facility in Ontario from Pattern Energy Group LP.

Pattern Energy will hold a 33 percent equity interest in the facility, which is equally co-owned by Samsung Renewable Energy, Inc. and Capital Power LP.

One of the largest wind power facilities in Canada, the 270 MW K2 Wind has the capacity to generate clean energy for about 100,000 Ontario homes annually.

Located in the Township of Ashfield-Colborne-Wawanosh in southwestern Ontario, K2 Wind is comprised of 140 Siemens 2.3 MW wind turbines and operates under a 20-year PPA with the Independent Electricity System Operator.

The acquisition of K2 Wind expands Pattern Energy's operations in Canada to four wind power facilities.