Pattern Buys 351 Megawatts of Capacity From Wind Capital Group

(Bloomberg) — Pattern Energy Group Inc., which has stakes
in more than 2 gigawatts of wind power, purchased two projects
from Wind Capital Group LLC with a combined capacity of 351
megawatts.

Pattern is paying $242 million and assuming $102 million in
debt to acquire the 201-megawatt Post Rock project in Kansas and
the 150-megawatt Lost Creek wind farm in Missouri, the San
Francisco-based company said in a statement Monday. Pattern
expects to sell 81 megawatts of capacity to tax-equity investors
and retain 270 megawatts, Matt Dallas, a Pattern spokesman, said
by phone.

Post Rock Wind and Lost Creek Wind have been operational
for about four years and are selling power under long-term
contracts to Westar Energy Inc. and Associated Electric
Cooperative Inc., respectively.

Pattern owns stakes in 16 wind farms with 2,112 megawatts
of capacity in the U.S., Canada and Chile, according to the
statement.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Robin Saponar

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