Pattern Energy Agrees to Acquire Cordelio Power and 1,550 MW Clean Energy Portfolio in the U.S. and Canada
Pattern Energy has announced an agreement to acquire Cordelio Power, adding a 1,550 MW portfolio of wind, solar and battery storage projects across the United States and Canada. The transaction significantly expands Pattern Energy’s North American clean energy platform and development pipeline.
Transaction date: · Source: patternenergy.com
Key facts
- Transaction date
- Technology
- Onshore Wind, Solar PV, Battery Storage (BESS)
- Capacity
- 1,550 MW
- Transaction price
- Not disclosed
- Buyer
- Pattern Energy Group
- Seller
- Cordelio Power
- Country
- United States, Canada
- Location
- Multiple locations across the United States and Canada
- Continent
- North America
- Development status
- Operational, Under Construction
- PPA
- n.a.
Technology details
The acquired portfolio comprises 16 wind, solar and energy storage projects that are either operational or under construction. In addition, Pattern Energy will acquire the majority of Cordelio Power’s wind and storage development pipeline in key U.S. markets, as well as Cordelio’s experienced development and operations team.
Additional information
Pattern Energy entered into a definitive agreement to acquire Cordelio Power, an independent power producer operating in the United States and Canada. The transaction expands Pattern Energy’s clean energy platform across North America and strengthens its ability to meet growing power demand. The acquisition is a share-based transaction and will increase Canada Pension Plan Investment Board’s ownership stake in Pattern Energy upon closing. The transaction is expected to close in Q1 2026, subject to regulatory approvals.
Source
Original announcement: https://patternenergy.com/pattern-energy-announces-agreement-to-acquire-cordelio-power/