SAN FRANCISCO, Feb. 24, 2020 /PRNewswire/ -- Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) ("Pattern Energy" or the "Company") today filed an investor presentation highlighting that the Company's pending transaction with Canada Pension Plan Investment Board ("CPP Investments") is the best alternative for stockholders and reiterating that the Pattern Energy Board of Directors recommends that stockholders vote "FOR" the proposals related to the transaction at the upcoming Special Meeting on March 10, 2020.
SAN FRANCISCO, Feb. 19, 2020 /PRNewswire/ -- Pattern Energy Group Inc. (Nasdaq and TSX: PEGI) ("Pattern Energy" or the "Company") today announced that the Company's Board of Directors (the "Board") reiterated its recommendation that stockholders vote "FOR" the proposals relating to the Company's pending transaction with Canada Pension Plan Investment Board ("CPP Investments") at the upcoming Special Meeting.
Dec. 7 event showcases the ‘ingenuity and passion’ of students in solving real-world problems with science, technology, engineering, and math.
More than 600 people will convene at Los Lunas High School this Saturday, Dec. 7, for the first-ever New Mexico Governor’s STEM Challenge, a competition testing students’ ability to use science, technology, engineering, and math to solve real-world problems.
There is now more than 100GW of wind power capacity installed nationwide in 41 states, while fast-growing large solar PV ranks third among renewable power sources
Pattern Energy Group Inc.’s (Nasdaq: PEGI) development executives all touched down in Houston this week to finalize planning for the next step in an $8 billion, 3.5-gigawatt expansion of the company’s New Mexico wind energy footprint.
While its executive team and financiers are based in its San Francisco headquarters, Pattern’s core development team and control room are here in Houston, said Cary Kottler, vice president of North American development. Kottler is one of the executives based in Houston.
Mike Garland, CEO of Pattern Energy, joins BNN Bloomberg for a look at the drivers behind the company's strong stock performance and his take on changes to federal support for the U.S. wind power industry.
SAN FRANCISCO, October 2, 2019 -- Pattern Energy Group Inc. (NASDAQ and TSX: PEGI) (“Pattern Energy” or the “Company”) today released its inaugural sustainability report of the Company’s sustainable practices and environmental, social, governance (ESG) metrics in accordance with the GRI Reporting Standards: Core option.
“Climate change is the defining challenge of our time. Pattern Energy is dedicated to confronting this challenge,” said Mike Garland, CEO of Pattern Energy. “Everything we do contributes to a larger vision of helping the world combat a changing climate by delivering renewable energy in a way that is economically, environmentally, and socially sustainable.”
In the central New Mexico piñon pine forests, home to the numerous iconic wildlife species like the gray-blue pinyon jay, Pattern Development, a wind energy company, is planning to build one of the largest wind facilities in the country – while ensuring the conservation of the unique wildlife that depend on this habitat. Our organizations, Defenders of Wildlife and Pattern, are working together to ensure that wind projects like this are built responsibly, with concern for the environment and wildlife.
Pattern Energy Group Inc. on Aug. 6 reported second-quarter 2019 adjusted EBITDA of $102 million, down from $108 million in the prior-year period.
The S&P Global Market Intelligence consensus adjusted EBITDA estimate for the quarter was $100.7 million.
In June, two of Pattern’s Employee Resource Groups, Blacks in Renewable Energy (BiRE) and Women in Renewable Energy (WIRE), hosted a fireside chat with one of Pattern’s newest board members, Mona Sutphen. BiRE President Lauren Haller and WIRE President Amber Rees led the discussion in our San Francisco office with Sutphen, whose extensive experience includes strategic advisement on financial markets, geopolitics, policy, and risk management as well as working in the White House--twice. The conversation covered the surprising developments in Sutphen’s career path that brought her to where she is, as well as her perspective on renewable energy.
Renewables will dominate energy markets in the United States because of their economics, even without the support of policy, some analysts agree.
The low price of renewables has driven the news this week not only of LA's record-breaking solar+storage deal but also Indiana's early exit from coal. And experts expect prices to continue to fall across the country:
"Especially in the case of solar pv, we expect the economics to continue to improve," said Mike O'Boyle, director of electricity policy for the think tank Energy Innovation.
Kristin Hull is having an excellent year. The CEO of Nia Impact Capital has just completed another 12 months of market-beating performance for her gender-lens portfolio, and if things go according to plan, a mutual fund version could be available soon.
The Parry Sound District is one step closer to adding more clean energy to its electric power grid.
In its latest construction update, Henvey Inlet Wind is reporting it’s nearing the end of construction with only finishing touches left at the wind farm site.
Wind already supplies about 15 percent of Texas’s electricity, and now developers are about to quadruple the state’s solar capacity, adding enough panels by 2022 to light up all of Dallas. But they won’t just power homes. Solar developers are responding to demand from oil and gas drillers, whose booming operations are gobbling up electricity and pushing prices spiking above $1,000 a megawatt-hour.
Rene Braud, Director of Environmental Policy and Compliance at Pattern Energy, was recognized Tuesday evening with the Andrew Linehan Award for Environmental Excellence at AWEA’s annual Wind Project Siting and Environmental Compliance Conference in Albuquerque, New Mexico.
The third phase of what will be the largest wind energy facility in New Mexico has been under construction since fall with plans to open in late spring or early summer.
The South Kent Wind Community Fund, a donor advised fund of the Chatham Kent Community Foundation recently approved a grant of $8,400 to support the cost of linen service for residents of Chatham-Kent Hospice.
With the expected bankruptcy of PG&E moving closer, we wanted to address how this may affect the Company.
Pattern Energy Group Inc. closed the sale of its 33.33% share in the K2 wind project in Ontario for C$216 million, or US$160 million.
The American Wind Wildlife Institute (AWWI) marked the 10th anniversary of its founding by releasing a new documentary short video showing pioneers of the organization and leading conservation figures who are committed to sustainable wind power and investing in research to address effects of wind energy on wildlife.
Pattern Energy Group announced the acquisition of a 35-MW owned interest in the Stillwater Wind facility from Pattern Energy Group 2 LP (Pattern Development 2.0). Stillwater commenced commercial operations in late October and is located in Stillwater County, Montana.
Pattern Energy Group Inc (NASDAQ:PEGI) has agreed to sell its 90-MW interest in the K2 wind farm in Ontario for the sum of CAD 216 million (USD 164.8m/EUR 144.2m).
Relatively speaking, the third quarter was slow-ish when it came to disclosures about big corporate power purchase agreements (PPAs) for solar and wind energy. "Just" 770 megawatts of contracts were announced, compared with about twice that from April 1 to June 30.
The largest wind farm in the West has been cleared for construction, but adequate transmission for the 2,200-MW project remains an obstacle. The New Mexico Public Regulation Commission on Oct. 3 approved a construction permit for Pattern Energy of San Francisco to install up to 950 turbines across 300,000 acres in east central New Mexico.
Danna Small, Environmental Manager, will be presenting on October 23rd at the CANWEA Pre-Conference Workshop: Wind Energy and Bat Conservation Symposium – Managing Impacts to Bats at Canadian Wind Farms.
ALBUQUERQUE, New Mexico, October 5, 2018, – The Public Regulation Commission (PRC) voted to approve the location control permit for Pattern Development’s Corona Wind Projects in a 4-0 vote. As a result, construction can begin on an estimated 950 wind turbines, to produce 2,200 MW of power.
The New Mexico Public Regulation Commission has opened the door for Pattern Energy to begin construction on an estimated 950 wind turbines as part of its Corona Wind Projects which will boast capacity of 2,200 megawatts (MW).
New Mexico utility regulators on Oct. 3 agreed to issue a permit for construction of Pattern Energy Group Inc.'s ambitious plan to install 2,200 MW of wind energy capacity across more than 300,000 acres in the east-central part of the state.
Last Wednesday, Reed Point Superintendent Heather Jarrett received a huge check, both literally and figuratively, for the improvement of school facilities.
The cost of wind power contracts has fallen to $20 per megawatt-hour since 2009.
Texas installed the most wind capacity and remained the nation's top state for wind power in 2017.
ERCOT’s pipeline of projects has ballooned to almost 80 GW. 12 GW of this is gas and the rest is wind and solar power plants, as well as 522 MW of energy storage.
Wind energy pricing remains attractive, according to an annual report released by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab). At an average of around 2 cents per kilowatt-hour (kWh), prices offered by newly built wind projects in the United States are being driven lower by technology advancements and cost reductions.
Replacing fossil fuels with wind and solar energy, research shows, can reduce risks of asthma, hospitalizations and heart attacks. In turn, that can save lives.
A report by Technavio suggests the global market for battery materials could grow 9% annually for the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver.
Senator Martin Heinrich (D-NM) outlines his new “Clean Energy Vision” in a special episode of Political Climate.
The drive to address environmental trends has resulted in a need for new areas of expertise. According to a report from the International Renewable Energy Agency, there are 10.3 million renewable energy jobs globally — a 5.3 percent increase since 2017.
Over 70 cities have made commitments to reach 100% renewable energy. Several states, including Hawaii and California, have adopted or plan to adopt similar targets. But what’s often ignored is how inexpensive it would be to meet the goals.
One development of interest to the business community is located at Fort Benning in Georgia. This summer, the post launched a new training course that qualifies graduates for entry-level positions in the wind power industry and related fields.
If all goes according to plan, a high-voltage transmission line will be carrying 1 GW of renewable power through Valencia County by late 2020.
Plucky upstarts like Apple, Facebook, Microsoft, and AT&T are part of a group fo nearly 60 companies making major investments in renewable energy. According to the Rocky Mountain Institute’s Business Renewables Center, they’ve already set an annual record for renewable energy procurements this year with four months still to go in 2018.
In Georgetown’s four-year-long process to become the largest U.S. city to purchase all of its energy needs from renewable sources, Mayor Dale Ross said the city had two major goals in mind: eliminate price volatility and seek minimal regulation.
Reports published over recent weeks by the US Government’s Energy Information Administration (EIA) and the Federal Energy Regulatory Commission’s (FERC) have revealed that coal and nuclear continue their decline across the country, while renewable energy continues to surge.
Baker McKenzie‘s new report, The Rise of Corporate PPAs 2.0, summarizes the growing trend of corporates entering into renewable power purchase agreements following the release of its initial report in 2015.
Pattern Energy Group Inc. on Aug. 9 reported adjusted EBITDA of $108.4 million in the second quarter, up from $91.9 million in the prior-year period.
More than 714,000 Midwesterners now work in clean energy industries across the Midwest according to a new analysis of energy jobs data from Clean Energy Trust (CET) and the national, nonpartisan business group E2 (Environmental Entrepreneurs).
Pattern Development said today that construction on the 221-MW Grady Wind project in Curry County, New Mexico is getting fully underway.
Local elected officials, community leaders and representatives of Pattern Development celebrated the beginning of the next phase of eastern New Mexico wind energy during a ceremony on Thursday.
Pattern Energy Group 2 LP (Pattern Development) has signed 15-year power purchase agreements (PPAs) with California’s Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP) to deliver wind power from the 200 MW Duran Mesa Wind project, which is currently under development near Corona, N.M.
The AWEA Wind Resource & Project Energy Assessment Conference in Austin this fall is the nexus point for everything concerning wind farm production, the place where meteorologists and engineers highlight recent advances and debate the critical issues affecting wind resource assessment.
The costs to operate and maintain U.S. power plants and equipment have soared 74% over the past two decades, according to a new report by industrial artificial intelligence company Uptake. Costs, excluding fuel, rose to a median of $10.80/megawatt-hour (MWh) in 2017, up from $6.21/MWh in 1998, for investor-owned utility (IOU) power plants.
Homes and businesses in Texas last week experienced record high electricity use, but the grid held up without any major problems, a testament to good grid management and the increasing use of wind power.
A record amount of wind capacity is now under construction at wind farms across America, according to second quarter results released by the American Wind Energy Association (AWEA). Strong demand for low-cost wind power from utilities and other buyers, including major corporations like AT&T and Walmart this quarter, continues to drive the industry’s growth.
Texas continues to rule the roost in Installed Wind Power Capacity while California remains the top-ranked state in Installed Solar Power Capacity, according to Business Facilities' 14th Annual Rankings Report.
2.1 million farms cover our country’s rural landscapes, and 99 percent of them are family-owned and operated. And now, a growing number of them host wind turbines. Increasingly, the extra income from wind projects helps keep these farms in the family and the family on the farm, even in uncertain times.
Today, national business group Advanced Energy Economy (AEE) and its state partner, Clean Energy Project (CEP), released a fact sheet showing that Nevada has more than 25,000 people working in advanced energy across the state.
Today, the U.S. produces nearly six times as much renewable electricity from the sun and the wind as it did in 2008, and nine states now get more than 20 percent of their electricity from renewables.
The cost of wind-generated power declined by one-third between 2010 and 2016, thanks to improving technology, better manufacturing capability and concentrating projects in regions with lower installation costs, the Energy Department reported.
The "phenomenally abundant" mix of wind, solar and other renewables makes the U.S. one of the most likely places in the world for more investment, according to Gregory Wetstone, president and CEO of the American Council on Renewable Energy (ACORE).
Get ready– American Wind Week 2018 (August 5-11) is less than a month away! From barbeques to wind farm tours, a dozen events and counting spanning more than 10 states are in the works. And they all have at least one thing in common—they’ll be celebrating American wind leadership
“On behalf of Mayor Don McPherson, Council and the citizens of the District of Tumbler Ridge we extend to Pattern Energy and its employees a most heartfelt thank you. Your selfless efforts make Tumbler Ridge a better place for all. Your contribution to community is amazing”, stated Councillor Will Howe.
One of the nation’s largest wind farms could soon be operating near the Village of Corona.
Montana could play a significant role in meeting the demand for renewable energy in the Pacific Northwest, according to a new study from the Bonneville Power Administration and the state of Montana.
We have learned from research that reducing annual electricity consumption by 15 percent across the United States has the ability to prevent 30,000 asthma attacks, can save as many as six lives a day and would create more than $20 billion in energy cost savings.
The U.S. Energy Information Administration (EIA) has commissioned a new study that examines the role of high-voltage direct current (HVDC) lines in integrating renewable energy resources into the electric grid.
Plans are in the works for the construction of a photovoltaic solar power facility with battery storage and an associated generation line. The facility will be built on BHP’s reclaimed mine site (tailings) east of San Manuel.
Pattern Energy’s Mont Sainte-Marguerite Wind Project has been selected as a finalist for CanWEA’s Wind Energy Project Award.
Our continuing series, What's Working, looks at innovations that are paying off in America, from education to infrastructure and more. Labor department figures show solar panel and wind turbine technicians are the two fastest-growing careers in the country. Surprisingly, Texas is where you'll find the most of those wind industry jobs. The traditionally conservative state is leading the way for renewable energy across the nation. In this installment, NPR's Steve Inskeep shows how local leaders in Texas are going green.
A newly introduced bipartisan bill aims to help U.S. veterans gain training and credentials to secure jobs in the fast-growing sectors of the low- and zero-carbon-emissions energy industry.
Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply.
Michael Garland, CEO of Pattern Energy, joins BNN Bloomberg's Catherine Murray for a look at the future of renewable power in Ontario, meeting the Pope on clean energy solutions and shares his concerns with rising rates and how he's navigating it.
In the quest to track down every oil giant and investor that attended a recent climate change meeting with Pope Francis, two completely non-oil-related attendees appear to have been overlooked: a couple of renewable energy companies.
Texas has more capacity to generate electricity from wind than any other state. In fact, Texas’ capacity of 22,799 megawatts is triple that of second-place Oklahoma and is larger than most countries around the world. The Lone Star State also tops the list for capacity currently under development.
Superintendent Ronald Hendrix told The Chieftain that Pattern Energy, the anchor tenant for the SunZia Southwest Transmission Project, donated $25,000 to the district for coding classes.
The City of Boston is currently working with partner cities to compile the collective energy load data for the RFI. The first cities to join the initiative include Chicago; Evanston, Ill.; Houston; Los Angeles; Orlando, Fla.; and Portland, Ore. Each of these cities is part of the Climate Mayors network, representing more than 400 cities and 70 million people, of which Walsh is a co-chair.
Renewable energy is poised to step up where these older sectors are falling behind. Wind and solar employ over 800,000 people across the country, and are some of the fastest-growing industries. As these resources scale, they’re becoming economically viable–solar is around 50% cheaper than coal–and wide-scale adoption of wind and solar could help curb America’s carbon emissions.
Officials with Pattern Development, a company pursuing projects in northern Lincoln County, announced last week Pattern is acquiring two pending wind energy assets in New Mexico from Clean Line Energy Partners.
Pattern Energy Group 2 LP (Pattern Development) announced today the acquisition of two development assets in New Mexico from Clean Line Energy Partners, the Western Spirit Transmission Line (Western Spirit) and the Mesa Canyons Wind Farm (Mesa Canyons). The addition of Mesa Canyons will bring Pattern Development’s wind development footprint in the Estancia Valley of New Mexico to more than 3,000 MW.
Pattern Energy CEO Mike Garland is featured on the podcast “Investing with the Buyside,” hosted by Nate Abercrombie. They discuss Mike’s history in the wind industry, the process of developing and financing wind projects, the growth of Pattern Energy, and Mike’s view on the future outlook of the company and industry.
Interview with Wind Workers of the Month Chelsea Abner, Assistant facility manager at Broadview Wind Facility.
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.
Michael Garland, CEO of Pattern Energy, joins BNN's Catherine Murray for a look at what's taking shape in the renewable energy space as it makes a major move into Japan and what drove Q4 earnings. He also discusses how Trump's steel and aluminum tariffs could impact the purchase of future towers.
US-based yieldco makes first foray into Japanese market and operating solar with purchase of wind and PV portfolio.
More than three years have passed since Pattern’s development arm bought a majority stake in Japanese renewables developer Green Power Investment (GPI), but the latest round of deals formally opens a new chapter for publicly listed Pattern Energy – bringing it for the first time into Asia and into solar energy, two markets in which it is likely to expand in the years ahead.
JAPAN: US developer Pattern Energy has entered Japan's energy market by acquiring 167MW of wind projects jointly owned by one of its investment funds and a Japanese subsidiary.
"Pattern Energy's Meikle Wind facility is an outstanding example of how to bring together zero-carbon energy generation, local economic development and sustainable business. We are honored to have this project in British Columbia and we look forward to many more," said Jae Mather, Executive Director of Clean Energy BC.
On December 8, 2017, Amazon Wind Farm Fowler Ridge in Benton County, Indiana received a Top Plant Award in the renewables category from POWER magazine. All of the electricity generated by Amazon Wind Farm Fowler Ridge supplies the electric grids that service Amazon Web Services (AWS) datacenters.
With legislators in Washington, D.C. having passed the tax bill, I wanted to take a moment to outline its impact on Pattern Energy and on renewables in general.
We now know the final form of the bill and believe it provides the opportunity for continued expansion of the renewable power sector. Utility-scale wind and solar power generation are now recognized as the lowest cost forms of new power generation in the United States*. We do not see that changing as a result of the tax bill. There are three primary categories of how the tax bill could affect our business and renewables in general:
1. Corporate taxes;
2. Tax credits for renewables, and
3. Tax equity investor market
In the final frantic days before Hurricane Maria devastated this small town in the mountains of central Puerto Rico, Rosana Aviles Marin did everything she could to help her elderly parents prepare for what was coming.
Announced it is joining with other American wind energy companies as a keystone partner of Habitat Hammers Back, the Hurricane Harvey repair and rebuilding initiative led by Habitat for Humanity. The companies are donating $1 million in aggregate to support repairs and rebuilding efforts in areas impacted by the storms.