Pattern Energy Group has completed the acquisition of a 90MW interest in the 179MW Armow Wind power facility in Ontario, Canada from Pattern Energy Group LP. Pattern Energy acquired the interest in Armow Wind for a total cash consideration of approximately US$133 million.
Located in Kincardine, Ontario, Armow Wind consists of 91 Siemens 2.3MW wind turbines and is jointly owned by Pattern Energy and Samsung Renewable Energy. The facility reached commercial operation in December 2015 and operates under a 20-year power purchase agreement with the Independent Electricity System Operator (IESO) in Ontario.
