Pattern Energy Acquires 200-MW Logan's Gap Wind Project
Submitted by aburr on Wed, 2014-12-31 11:56Pattern Energy Group (the “Company” or “Pattern Energy”), acquired the 200-MW Logan’s Gap Wind project in Texas, which is currently under construction, from Pattern Energy Group LP (“Pattern Development”). The Company acquired the Logan’s Gap Wind project for a total cash funding commitment of approximately $113 million, a portion of which will be used to pay down construction debt upon the completion of construction. The acquisition will be funded from available cash and credit facilities.