Pattern Energy Group (Pattern Development) entered into a joint venture partnership with Henvey Inlet First Nation to jointly develop, own and operate the 300-MW Henvey Inlet Wind project to be built in Parry Sound District, Ontario. Pattern Development will own a 50% joint venture interest in the 300-MW project, which has a 20-year PPA 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.
