Connection

popular articles

France Publishes Offshore Wind Deployment Map by 2035 and 2050
Niger exports over 14 million barrels of oil via Benin
LS Power unveils Lightning Power, a new player in gas production
Energy Poverty in France: When Electricity Cuts Affect Low-Income Households
Philippines recover 96% of fuel oil after tanker sinks

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.
  • [favorite_button]

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

Aecon secures $934mn contract for Darlington SMR construction
Hanoi and Moscow accelerate nuclear power plant talks in Vietnam
Serbia negotiates renewal of gas contract with Russia ahead of expiration
Germany considers making producers contribute to electricity grid costs
BP backs 12-year extension of UK carbon market through 2042

Recently published in

Romano Minozzi acquires a strategic 3% stake in Eni’s capital

Italian industrialist Romano Minozzi now holds over 3% of Eni, valued at €1.2bn ($1.33bn), according to the latest data published by financial regulator Consob.
Enbridge posts record $1.71bn profit and reaffirms investment strategy
Enbridge reported a sharp rise in first-quarter 2025 results, driven by its hydrocarbon transport operations and recent acquisitions, while reaffirming its full-year financial outlook.
en_1140290943540-5
Enbridge posts record $1.71bn profit and reaffirms investment strategy
Enbridge reported a sharp rise in first-quarter 2025 results, driven by its hydrocarbon transport operations and recent acquisitions, while reaffirming its full-year financial outlook.
en_1140290943540-5
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5
EDP reports €428mn quarterly net profit driven by strategic positioning
Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.
en_1140290944540-5
EDP reports €428mn quarterly net profit driven by strategic positioning
Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.
en_1140290944540-5

Aker ASA restructures its assets with two mergers and a $57.9mn acquisition

Aker ASA merges Aker Horizons and acquires a stake in SLB Capturi, consolidating its portfolio while preparing for a significant dividend distribution.
Coal India secures 4,500 MW deal with AM Green to diversify operations
Coal India will supply 4,500 MW of renewable energy to AM Green under a memorandum of understanding to power its future green ammonia facilities nationwide.
en_1140290952540-5
Coal India secures 4,500 MW deal with AM Green to diversify operations
Coal India will supply 4,500 MW of renewable energy to AM Green under a memorandum of understanding to power its future green ammonia facilities nationwide.
en_1140290952540-5
Siemens Energy raises annual outlook after 52% surge in orders
Driven by strong operational execution and robust demand across key segments, Siemens Energy reports double-digit revenue growth and upgrades its outlook for fiscal year 2025.
en_1140290960540-3
Siemens Energy raises annual outlook after 52% surge in orders
Driven by strong operational execution and robust demand across key segments, Siemens Energy reports double-digit revenue growth and upgrades its outlook for fiscal year 2025.
en_1140290960540-3
Enel posts €2bn net profit rise despite falling electricity prices
Italian group Enel exceeded analysts’ forecasts with €22bn ($23.66bn) in revenue in Q1 2025, driven by international operations.
en_1140290956540-4
Enel posts €2bn net profit rise despite falling electricity prices
Italian group Enel exceeded analysts’ forecasts with €22bn ($23.66bn) in revenue in Q1 2025, driven by international operations.
en_1140290956540-4

RWE completes 999 MW in energy projects across the US and expands presence

German group RWE has commissioned six new energy projects in the US, reaching a combined capacity of 999 MW across wind, solar and battery storage technologies.
Veolia takes full control of WTS in a $1.75 billion deal
Veolia acquires full ownership of Water Technologies and Solutions by purchasing the 30% stake held by CDPQ, further consolidating its growth strategy focused on industrial water technologies.
en_1140290946540-3
Veolia takes full control of WTS in a $1.75 billion deal
Veolia acquires full ownership of Water Technologies and Solutions by purchasing the 30% stake held by CDPQ, further consolidating its growth strategy focused on industrial water technologies.
en_1140290946540-3
Legrand posts 12.3% increase driven by data centre demand
Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Le siege de l'entreprise Legrand a Limoges (87)
Legrand posts 12.3% increase driven by data centre demand
Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Le siege de l'entreprise Legrand a Limoges (87)
Aker BP reaches $3.2bn in Q1 2025 revenue and confirms growth strategy
Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.
en_1140290954540-2
Aker BP reaches $3.2bn in Q1 2025 revenue and confirms growth strategy
Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.
en_1140290954540-2

Exterra raises CA$20mn to industrialise mining residue transformation in Québec

Québec-based Exterra Solutions Carbone closes a CA$20mn Series A round to build the world’s largest asbestos residue treatment plant and expand its technologies internationally.
Marathon Petroleum posts $74mn net loss in Q1 2025
Marathon Petroleum reported a net loss in Q1 2025 due to a major maintenance programme, while its midstream unit supported results with an 8% rise in adjusted EBITDA.
en_1140290961540-2
Marathon Petroleum posts $74mn net loss in Q1 2025
Marathon Petroleum reported a net loss in Q1 2025 due to a major maintenance programme, while its midstream unit supported results with an 8% rise in adjusted EBITDA.
en_1140290961540-2
Euronext launches three indices to strengthen defence and energy financing
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
en_1140290956540-2
Euronext launches three indices to strengthen defence and energy financing
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
en_1140290956540-2
Sunoco acquires Parkland for $9.1bn and creates new listed entity SUNCorp
US distributor Sunoco will acquire Canada's Parkland for $9.1bn, including debt, in a mixed transaction and form a separate listed entity, SUNCorp, whose shares will be treated as corporate stock for tax purposes.
en_1140290945540
Sunoco acquires Parkland for $9.1bn and creates new listed entity SUNCorp
US distributor Sunoco will acquire Canada's Parkland for $9.1bn, including debt, in a mixed transaction and form a separate listed entity, SUNCorp, whose shares will be treated as corporate stock for tax purposes.
en_1140290945540

Shell appoints Colette Hirstius as head of US operations

Shell announced the appointment of Colette Hirstius as President of Shell USA starting August 1, succeeding Gretchen Watkins after seven years in the role.
ADNOC Gas exceeds expectations with $1.27bn net profit in first quarter
Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
en_1140290947540
ADNOC Gas exceeds expectations with $1.27bn net profit in first quarter
Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
en_1140290947540
ExxonMobil reports 6% drop in quarterly profit despite increased synergies
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.
en_1140290963540
ExxonMobil reports 6% drop in quarterly profit despite increased synergies
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.
en_1140290963540
Innergex shareholders approve 99.86% vote for full acquisition by CDPQ
Innergex shareholders validated the company’s full acquisition by Caisse de dépôt et placement du Québec for a total amount close to $1.8bn, pending final judicial and regulatory approvals.
en_1140290972540-2
Innergex shareholders approve 99.86% vote for full acquisition by CDPQ
Innergex shareholders validated the company’s full acquisition by Caisse de dépôt et placement du Québec for a total amount close to $1.8bn, pending final judicial and regulatory approvals.
en_1140290972540-2

Shell posts net profit of $4.8bn in Q1 2025 despite falling oil prices

Shell plc recorded a net profit of $4.8bn in the first quarter of 2025, down 35%, but above analyst expectations, supported by solid operational performance and a new share buyback programme.
TC Energy invests CA$2.4bn in nuclear and natural gas
TC Energy is committing CA$2.4bn to two major projects in North America, targeting rising energy demand and the long-term value of regulated assets.
en_1140290965540
TC Energy invests CA$2.4bn in nuclear and natural gas
TC Energy is committing CA$2.4bn to two major projects in North America, targeting rising energy demand and the long-term value of regulated assets.
en_1140290965540
Air Products posts $1.7bn net loss and exits three US projects
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
en_1140290967540
Air Products posts $1.7bn net loss and exits three US projects
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
en_1140290967540
Prospera Energy increases revenue by 38% and strengthens financial positioning
Prospera Energy closed fiscal year 2024 with a notable increase in revenue and a strategic reorganisation of its assets, while reinforcing its performance on the financial market.
en_1140290964540
Prospera Energy increases revenue by 38% and strengthens financial positioning
Prospera Energy closed fiscal year 2024 with a notable increase in revenue and a strategic reorganisation of its assets, while reinforcing its performance on the financial market.
en_1140290964540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS