Pattern Energy has announced that a consortium, led by APG Asset Management (APG) on behalf of the largest Dutch pension fund, ABP, and Australian Retirement Trust (ART), will acquire Riverstone Holdings' equity stake in the company.
They will join Canada Pension Plan Investment Board (CPP Investments) and Pattern management as owners. The transaction is expected to close in the first half of 2025, pending regulatory approvals and customary closing conditions. Financial details were not disclosed.
Pattern Energy will use this new investment to advance its development pipeline of over 25 GW of renewable energy and transmission projects and support its operating facilities and in-construction portfolio of nearly 10,000 MW across North America.
