"It was another solid quarter with CAFD up more than three times the same period last year, which puts us in a great position to achieve our targeted CAFD(1) for the year," said Mike Garland, President of Pattern Energy. "We continue to take proactive measures to increase our CAFD without issuing common equity including, asset recycling, repowering Gulf Wind and the implementation of cost savings.
"It was a great quarter with CAFD up 19%, as production was solid and our disciplined cost management initiatives delivering results. We are on track to achieve our targeted CAFD(1) for the year," said Mike Garland, President and CEO of Pattern Energy. "At 29% ownership of Pattern Development 2.0, we will have achieved our target ownership level in the development business which we believe will provide meaningful value to shareholders. Our identified ROFO ("right of first offer") list with Pattern Development 2.0 has grown by four new projects since our original investment in June of last year.
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.