Pattern Energy Group Inc. (Pattern Energy) has added 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 MW. A total owned interest of 526 MW is being added to the ROFO list.
Among the 526MW of projects added to the identified ROFO list, there are 128MW in Japan and 398MW in New Mexico. Two of the six new projects are solar projects, and the rest four are wind projects. All projects will have long-term PPA. With the new 6 projects, the 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."
"Included in the ROFO list is a large multi-phase project in New Mexico, which will deliver very attractively priced wind power directly into California," added Garland. "Our five new Japanese projects, which include two solar projects, demonstrate the progress that Pattern Development has made in its partnership with GPI inJapan."
The projects on Pattern Energy’s ROFO list, the owned capacity and status are:
Pattern Development has recently expanded its project pipeline to 5,900 MW.