Pattern Energy signs deal with Henvey Inlet First Nation for 300MW Canadian wind project

5 November 2014 (Last Updated November 5th, 2014 18:30)

US-based Pattern Energy Group, or Pattern Development, has entered a joint venture (JV) partnership with Nigig Power, a subsidiary of Henvey Inlet First Nation, for the development, ownership and operation of the 300MW Henvey Inlet wind project.

US-based Pattern Energy Group, or Pattern Development, has entered a joint venture (JV) partnership with Nigig Power, a subsidiary of Henvey Inlet First Nation, for the development, ownership and operation of the 300MW Henvey Inlet wind project.

The new facility will be built in Parry Sound district, Ontario, Canada. It will utilise strong and steady winds blowing across the Georgian Bay and be the largest wind facility in the state, on completion.

Under the JV, Pattern Development will own 150MW of the project.

The Ontario Power Authority has already signed a 20-year power purchase agreement (PPA) for 100% of the project’s expected production.

"This will be our eighth wind project in Canada and the largest on-reserve wind project to date."

Pattern development intends to arrange both construction and long-term debt financing for the project in 2016.

Pattern Energy president and CEO Mike Garland said: "This is the third addition to our list of ROFO projects in the past month, demonstrating the increasing success of our partnership with Pattern Development.

"This will be our eighth wind project in Canada and the largest on-reserve wind project to date, creating local jobs and providing a significant new source of revenue for the First Nation."

"With eight projects in the pipeline totalling 874MW, we have a clear path to growth beyond the next three years."

Energy