Pattern Energy Exits Japan: 6GW Clean Energy Assets Sold
- Pattern Energy Group LP announces sale of its Japanese renewable energy assets and majority stake in Tokyo-based GPI to Japanese utility Jera Co Inc and NTT Anode Energy Corp. Portfolio includes 4 GW of wind projects and 6 GW of assets across North America. CEO Hunter Armistead focuses on growing pipeline in US.
Pattern Energy Group LP announced on Friday the sale of its Japanese renewable energy assets and its entire shareholding of Japan-based affiliate Green Power Investment Corp (JPI) to Japanese utility Jera Co Inc and NTT Anode Energy Corp. The undisclosed value of the acquisition included a portfolio of solar photovoltaic (PV), onshore and offshore wind assets, and a majority stake in Tokyo-based GPI with a development portfolio of 4 GW of wind projects. CEO of Pattern Energy, Hunter Armistead, expressed that the firm is now focusing on its growing pipeline of projects in North America including some of the largest wind and transmission projects in US history. This sale marks a significant milestone for Pattern Energy, as it has successfully divested its Japanese assets and now owns almost 6 GW of assets across North America. GPI currently has 200 personnel and is well equipped to continue developing renewable energy.
What is the Value of Pattern Energy's Japanese Asset Sale?
- The sale of Pattern Energy’s Japanese renewable energy assets and its entire shareholding of Japan-based affiliate Green Power Investment Corp (JPI) was sold to Japanese utility Jera Co Inc and NTT Anode Energy Corp.
- The undisclosed value of the acquisition included a portfolio of solar photovoltaic (PV), onshore and offshore wind assets, and a majority stake in Tokyo-based GPI.
- The portfolio of assets had a development capacity of 4 GW of wind projects.
- The sale marks a significant milestone for Pattern Energy, as it now owns almost 6 GW of assets across North America.
- GPI currently has 200 personnel and is well equipped to continue developing renewable energy.
