Pattern Energy obtains 1,500-MW portfolio with Cordelio acquisition
- Özcan Berk Atakan
- 18 hours ago
- 1 min read
Pattern Energy Group, a provider of clean energy and transmission infrastructure, and Cordelio Power announced they have entered into a definitive agreement for Pattern Energy to acquire Cordelio Power, an independent power producer in Canada and the United States.
The addition of Cordelio Power will expand one of the largest independent clean energy infrastructure platforms in North America.
Pattern will acquire a 1,550-MW operating and in-construction portfolio from Cordelio comprised of 16 wind, solar and storage projects in Canada and the United States. Pattern will also acquire the majority of Cordelio’s wind and storage development projects in key target markets in the United States, as well as Cordelio’s team.
“Pattern and Cordelio share a commitment to responsible development and the communities in which we work,” said Chris Hind, Chief Executive Officer of Cordelio Power. “We look forward to joining with Pattern Energy to deliver high-quality projects with expanded product offerings to support customers across more markets.”
The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals. Cordelio Power is wholly owned by CPP Investments, the majority shareholder of Pattern Energy. This share-based transaction will increase CPP Investments’ ownership stake in Pattern Energy upon closing.
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