July 16, 2014
Reaching a key milestone in the development process, Pattern Energy Group LP ("Pattern Development" or the "Company") announced it has received an Environmental Assessment Certificate for its Meikle Wind project, a 185 megawatt (MW) wind power project located in British Columbia.
"This is Pattern Development's first project in British Columbia, expanding the Company's presence to a third province in Canada," said Mike Garland, CEO of Pattern Development. "We have now received the major environmental approval for this project, which was the last big milestone before arranging construction financing. We very much appreciate the support we have received from the community, First Nations and BC Hydro."
The Meikle Wind project, which has a 25-year power purchase agreement with BC Hydro, is expected to commence commercial operation in late 2016.
Meikle Wind is one of the seven projects in the initially identified right of first offer (ROFO) portfolio, on which Pattern Energy Group Inc. (NASDAQ: PEGI) (TSX: PEG) ("Pattern Energy") holds the ROFO rights to purchase.
About Pattern Development
Pattern Energy Group LP (Pattern Development) is a leader in developing renewable energy and transmission assets. Pattern Development operates and manages wind power projects through its affiliated public entity, Pattern Energy Group Inc. (Pattern Energy). With a long history in wind energy, Pattern Development's highly-experienced team has developed, financed and placed into operation more than 3,000 MW of wind power projects. A strong commitment to promoting environmental stewardship drives the Company's dedication in working closely with communities to create premier renewable energy projects. Pattern Development has offices in San Francisco, San Diego, Houston, New York, and Toronto.
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