Logan’s Gap wind project

Pattern Energy Acquires 200-MW Logan's Gap Wind Project

Pattern Energy Group (the “Company” or “Pattern Energy”), acquired the 200-MW Logan’s Gap Wind project in Texas, which is currently under construction, from Pattern Energy Group LP (“Pattern Development”). The Company acquired the Logan’s Gap Wind project for a total cash funding commitment of approximately $113 million, a portion of which will be used to pay down construction debt upon the completion of construction. The acquisition will be funded from available cash and credit facilities.

Pattern Development Acquires Logan's Gap Wind Project in Texas

Pattern Energy Group acquired the 200-MW Logan's Gap wind project located in Comanche County, Texas, from Pioneer Green Energy. Pioneer Green Energy began work in 2013 and executed a 10-year PPA with Wal-Mart stores, for approximately 60% of the project's expected production. Pattern Development expects to arrange financing for and start full construction of the project in the fourth quarter of 2014.