Pattern has become the top operator of wind capacity in Canada after switch-on at the 147MW Mont Sainte-Marguerite project in Quebec
Pattern Energy Group Inc. announced the completion of its 33-MW Ohorayama Wind-power facility, which is located in Japan’s Kochi Prefecture.
“Ohorayama Wind is our first wind project in Japan to complete construction and it was on schedule and under budget,” said Mike Garland, CEO of Pattern Energy.”
Pattern Energy executives addressed the yieldco’s sagging stock price, after the US-based wind operator chose not to raise its quarterly dividend for the first time since going public four years ago.
Although Pattern grew its cash available for distribution (CAFD) last year by 10% to $145.8m, adding the Broadview and Meikle wind farms to its roster, its dividend payout ratio has reached 100% of CAFD – a level the company deems unsustainably high and wishes to reduce.
Mike Garland, Pattern Energy Inc. president and chief executive officer, and Mike Lyon, chief financial officer will host a conference call (listen only) at 10:30 a.m. to discuss the first quarter 2018 financial results.
Mike Garland, Pattern Energy Inc. president and chief executive officer, and Mike Lyon, chief financial officer will host a conference call (listen only) at 10:30 a.m. to discuss the third quarter 2017 financial results.
The Meikle Wind project is located approximately 33km north of Tumbler Ridge in the Peace Region and will provide clean, renewable energy to help meet the provincial government’s clean energy objectives.
Investor Day Presentation discusses; the major initiatives for growth, Pattern Development 2.0, public sector pension investments, Expand pipeline in the US and Canada, Business Development in the US, Canada, Japan, and Mexico.