Pattern Energy Group LP has announced it has entered into a joint venture partnership with Henvey Inlet First Nation to jointly develop, own and operate the 300MW Henvey Inlet Wind project to be built in Parry Sound District, Ontario.
Pattern Development will own a 50% joint venture interest in the 300MW project, which has a 20-year Power Purchase Agreement with the Ontario Power Authority (OPA) for 100% of its expected production. Nigig Power Corporation, wholly owned by Henvey Inlet First Nation, will own the other 50% of the project. Pattern Development expects to arrange both construction and long-term debt financing for Henvey Inlet in 2016.
