Connection

popular articles

GET and BET join forces for environmentally-friendly heating
Sunfire leads major study for European hydrogen project
RWE inaugurates its largest wind farm in France: Les Nouvions
EDP Group plans to build a green hydrogen power plant
ACCIONA Energía and Vidrala sign 10-year PPA agreement

Pattern Energy welcomes a new investment to accelerate its growth in renewable energy

Pattern Energy announces the entry of a consortium led by APG and ART, marking a major milestone in its expansion with over 25 GW of renewable energy projects across North America.

Please share:

Pattern Energy Group LP (Pattern Energy), a major player in renewable energy and transmission infrastructure, has confirmed that a consortium led by APG Asset Management N.V. (APG) and Australian Retirement Trust (ART) will acquire Riverstone Holdings LLC’s (Riverstone) equity stake. The transaction is expected to close in the first half of 2025, pending necessary regulatory approvals and customary closing conditions.

Hunter Armistead, CEO of Pattern Energy, indicated that the financial input from APG and ART will allow the company to strengthen its operations to meet the increasing demand for energy infrastructure. According to Armistead, this collaboration aims to support the company’s growth through partners aligned with its development strategy.

A supported growth strategy

With this investment, Pattern Energy plans to expand its development portfolio, which currently accounts for over 25 gigawatts of renewable energy and transmission projects in North America. The company already manages nearly 10,000 megawatts of operational or under-construction capacity.

One of the major projects under development is SunZia Wind and Transmission, announced as the largest ongoing energy infrastructure project in the United States, with a capacity to support electricity needs across several states.

A strategic investment for APG and ART

Steven Hason, Head of Americas Real Assets at APG Asset Management, explained that this investment aligns with APG’s strategy of investing in infrastructures that provide stable, long-term returns for pension funds. APG represents the interests of the Dutch pension fund ABP.

Meanwhile, Michael Weaver, Global Head of Real Assets at ART, indicated that ART’s entry into Pattern Energy’s capital aligns with a global investment approach aimed at strengthening the organization’s portfolio of real assets.

The transition since 2020

Since its acquisition by CPP Investments and Riverstone in 2020, Pattern Energy has developed an additional 5.6 gigawatts of energy projects. Bill Rogers, Head of Sustainable Energies at CPP Investments, stated that this investment has enabled the company to achieve significant milestones, consolidating its position in the North American market.

Yakov Tsveig, representative of Riverstone, noted that Riverstone’s participation has generated substantial value for stakeholders throughout their engagement with Pattern Energy.

A strategic turning point for Pattern Energy

Founded in 2009, Pattern Energy has evolved to become a major private player in the development and operation of energy and transmission projects in North America. With this new investment, the company intends to continue its growth by focusing on the development of strategic projects and the management of existing assets.

Register free of charge for uninterrupted access.

Publicite

Latest news

$312 Million Financing Secures Solar and Storage Project in New Mexico
Canada Hosts 539 MWh of Energy Storage by Westbridge
France: Ademe manage 3.5 billion euros for ecological transition
Rise in oil demand in 2024 under the threat of US sanctions
Ukraine: Massive Russian Attack on Energy Infrastructure

Recently published in

Aramco and Ma’aden: A Strategic Partnership for Lithium Exploitation in Saudi Arabia

Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.
EDF: Significant Increase in Nuclear and Hydropower Production in 2024
In 2024, EDF recorded a significant increase in nuclear and hydropower electricity production, marking a turning point due to better industrial management and favorable climatic conditions.
en_11401250540
EDF: Significant Increase in Nuclear and Hydropower Production in 2024
In 2024, EDF recorded a significant increase in nuclear and hydropower electricity production, marking a turning point due to better industrial management and favorable climatic conditions.
en_11401250540
The United Arab Emirates invests 500 million dollars in 11 GW of American infrastructure
Abu Dhabi Investment Authority’s subsidiary partners with ArcLight to support a strategic 11 GW energy portfolio in the United States.
en_11401254540
The United Arab Emirates invests 500 million dollars in 11 GW of American infrastructure
Abu Dhabi Investment Authority’s subsidiary partners with ArcLight to support a strategic 11 GW energy portfolio in the United States.
en_11401254540
Constellation Energy acquires Calpine for $26.6 billion
Constellation Energy acquires Calpine for $26.6 billion, strengthening its position in the U.S. energy sector amid growing electricity demand.
en_11401204540
Constellation Energy acquires Calpine for $26.6 billion
Constellation Energy acquires Calpine for $26.6 billion, strengthening its position in the U.S. energy sector amid growing electricity demand.
en_11401204540

The CEO of Galp Energia resigns amidst controversy

Filipe Silva, CEO of Galp Energia since 2023, steps down following allegations of a conflict of interest involving a presumed relationship with a company director.
The United States strengthens its energy capabilities with the acquisition of AEG for $30 million
ICF acquires Applied Energy Group from Ameresco for $30 million, consolidating its energy and technology services for public utilities and local governments.
en_11401177540
The United States strengthens its energy capabilities with the acquisition of AEG for $30 million
ICF acquires Applied Energy Group from Ameresco for $30 million, consolidating its energy and technology services for public utilities and local governments.
en_11401177540
Brookfield becomes majority shareholder of Neoen for €6 billion
The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.
en_11401051540
Brookfield becomes majority shareholder of Neoen for €6 billion
The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.
en_11401051540
China: CATL redefines safety with a chassis tested at 120 km/h
CATL, in China, unveils a chassis capable of withstanding frontal collisions at 120 km/h, a breakthrough transforming automotive safety standards.
en_11401029540
China: CATL redefines safety with a chassis tested at 120 km/h
CATL, in China, unveils a chassis capable of withstanding frontal collisions at 120 km/h, a breakthrough transforming automotive safety standards.
en_11401029540

Iberdrola Finalizes the Acquisition of Avangrid

Iberdrola completes the acquisition of the remaining 18.4% of Avangrid, an operation approved by US regulators. This $35.75 per share transaction marks a strategic milestone for its activities in the United States.
India Invests $12 Billion in Rajasthan with Avaada
A $12 billion investment in Rajasthan aims to strengthen the state’s industrial and energy capacities, while boosting employment and economic attractiveness.
en_11401015540
India Invests $12 Billion in Rajasthan with Avaada
A $12 billion investment in Rajasthan aims to strengthen the state’s industrial and energy capacities, while boosting employment and economic attractiveness.
en_11401015540
Jean-Christian Bergeron appointed as head of Rubis Énergie to accelerate growth
Rubis, an energy group based in Paris, appoints Jean-Christian Bergeron as the General Manager of Rubis Énergie. He will assume his role in January 2025 to lead growth strategy in global energy distribution markets.
en_1140977540
Jean-Christian Bergeron appointed as head of Rubis Énergie to accelerate growth
Rubis, an energy group based in Paris, appoints Jean-Christian Bergeron as the General Manager of Rubis Énergie. He will assume his role in January 2025 to lead growth strategy in global energy distribution markets.
en_1140977540
ABB strengthens its business strategy in renewable energy with the acquisition of Gamesa Electric
The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.
en_1140935540
ABB strengthens its business strategy in renewable energy with the acquisition of Gamesa Electric
The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.
en_1140935540

EIB Grants €243 Million to ERG to Strengthen Its Wind and Solar Assets in Europe

The European Investment Bank finances the development and modernization of energy infrastructure in France, Italy, and Germany, supporting a portfolio of 270 MW of renewable projects.
Blockade at GE Vernova Site in Montoir-de-Bretagne: Unions Oppose Job Cuts
Access to the GE Vernova plant in Montoir-de-Bretagne has been blocked since Friday by unions protesting against the planned elimination of 140 jobs.
en_1140916540
Blockade at GE Vernova Site in Montoir-de-Bretagne: Unions Oppose Job Cuts
Access to the GE Vernova plant in Montoir-de-Bretagne has been blocked since Friday by unions protesting against the planned elimination of 140 jobs.
en_1140916540
The IFC invests $30 million in an energy fund to strengthen its strategy in Africa
The International Finance Corporation (IFC) injects $30 million into Inspired Evolution Fund III, a fund focused on renewable energy, as part of its diversification and expansion strategy in Africa's growing markets.
en_1140907540
The IFC invests $30 million in an energy fund to strengthen its strategy in Africa
The International Finance Corporation (IFC) injects $30 million into Inspired Evolution Fund III, a fund focused on renewable energy, as part of its diversification and expansion strategy in Africa's growing markets.
en_1140907540
Marathon Petroleum Announces the Release of 2024 Financial Results
Marathon Petroleum Corp. (MPC) will reveal its financial results for the fourth quarter and full year 2024 during a conference on February 4, 2025. The information will be available online, with a webcast replay accessible for two weeks.
en_1140853540
Marathon Petroleum Announces the Release of 2024 Financial Results
Marathon Petroleum Corp. (MPC) will reveal its financial results for the fourth quarter and full year 2024 during a conference on February 4, 2025. The information will be available online, with a webcast replay accessible for two weeks.
en_1140853540

Suez: departure of CEO Sabrina Soussan and major governance reorganization

Suez announces the unexpected departure of its CEO Sabrina Soussan effective January 31, 2025. A transitional organizational shift is underway with Thierry Déau, chairman of the board, ensuring continuity and the group’s future.
BP and JERA form a strategic joint venture to become a global leader in offshore wind energy
BP and JERA join forces to create JERA Nex BP, a joint venture aimed at developing a 13 GW offshore wind project portfolio. This strategic initiative reflects a disciplined growth model while strengthening their presence in Europe and Asia-Pacific.
en_1140788540
BP and JERA form a strategic joint venture to become a global leader in offshore wind energy
BP and JERA join forces to create JERA Nex BP, a joint venture aimed at developing a 13 GW offshore wind project portfolio. This strategic initiative reflects a disciplined growth model while strengthening their presence in Europe and Asia-Pacific.
en_1140788540
France: Enedis commits €3.6 billion to its business strategy for modernizing the electric grid
Enedis is investing €3.6 billion in an ambitious strategy to modernize the French electric grid, enhance its climate resilience, and support the national industry.
en_1140772540
France: Enedis commits €3.6 billion to its business strategy for modernizing the electric grid
Enedis is investing €3.6 billion in an ambitious strategy to modernize the French electric grid, enhance its climate resilience, and support the national industry.
en_1140772540
Elyse Energy raises €120 million to accelerate its sustainable fuel projects
Elyse Energy, a French SME, announces €120 million in funding to develop synthetic methanol and sustainable fuel plants, targeting the decarbonization of the aviation, maritime, and chemical sectors.
en_1140773540
Elyse Energy raises €120 million to accelerate its sustainable fuel projects
Elyse Energy, a French SME, announces €120 million in funding to develop synthetic methanol and sustainable fuel plants, targeting the decarbonization of the aviation, maritime, and chemical sectors.
en_1140773540

Aramco finalizes the acquisition of 10% of Horse Powertrain

Aramco completes the acquisition of a 10% stake in Horse Powertrain, valued at €7.4 billion, specializing in hybrid and thermal powertrain solutions.
Amprion launches a tender for a decentralized grid booster
Amprion opens a tender for the construction and operation of a decentralized grid booster, a strategic project aimed at reducing redispatch costs and strengthening network efficiency.
en_1140674540
Amprion launches a tender for a decentralized grid booster
Amprion opens a tender for the construction and operation of a decentralized grid booster, a strategic project aimed at reducing redispatch costs and strengthening network efficiency.
en_1140674540
Arkolia accelerates its development with the support of Mirova and BNP Paribas
Mirova and BNP Paribas Asset Management acquire a majority stake in Arkolia, a French renewable energy player, to support its growth and achieve 1.5 GW capacity by 2030.
en_1140678540
Arkolia accelerates its development with the support of Mirova and BNP Paribas
Mirova and BNP Paribas Asset Management acquire a majority stake in Arkolia, a French renewable energy player, to support its growth and achieve 1.5 GW capacity by 2030.
en_1140678540
Axpo secures 163 MW of renewable energy in France through Urbasolar and Volkswind
Axpo's solar and wind divisions secure a total of 163 MW in two tenders in France, strengthening their key role in the European energy transition strategy.
en_1140640540
Axpo secures 163 MW of renewable energy in France through Urbasolar and Volkswind
Axpo's solar and wind divisions secure a total of 163 MW in two tenders in France, strengthening their key role in the European energy transition strategy.
en_1140640540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS