PATTERN ENERGY GROUP INC. (NASDAQ:PEGI) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 9.01. Completion of Acquisition or Disposition of Assets.
Consummation of initial investment in PEGH 2
On July 27, 2017, the Company funded an initial $60 million capital call under theSecond Amended and Restated Agreement of Limited Partnership of Pattern Energy Group Holdings 2 LP (“PEGH 2”), dated as of June 16, 2017, by and among PEGH 2, the Class A Limited Partners set forth therein and the Class B Limited Partners set forth therein. As a result of such funding, and the related fundings by other investors in PEGH2 and consummation of certain redemptions, the Company holds an approximate 20% ownership interest in PEGH 2.
Item 9.01. Financial Statements and Exhibits.
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a. |
Financial statements of businesses acquired. |
The financial information required by Item 9.01(a) of this Current Report on Form 8-K has not been included with this filing and will be filed by amendment to this Current Report on Form 8-K not later than seventy-one (71)calendar days after the date that this Current Report on Form 8-K must be filed.
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b. |
Pro forma financial information. |
The pro-forma financial information required by Item 9.01(b) of this Current Report on Form 8-K has not been included with this filing and will be filed by amendment to this Current Report on Form 8-K not later than seventy-one (71)calendar days after the date that this Current Report on Form 8-K must be filed.
About PATTERN ENERGY GROUP INC. (NASDAQ:PEGI)
Pattern Energy Group Inc. is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement. The Company sells its electricity and environmental attributes, including renewable energy credits (RECs), to local utilities under long-term and fixed-price power purchase agreements (PPAs). The Company’s operating projects are Gulf Wind, Texas; Hatchet Ridge, California; St. Joseph, Manitoba; Spring Valley, Nevada; Santa Isabel, Puerto Rico; Ocotillo, California; South Kent, Ontario; El Arrayan, Chile; Panhandle 1, Texas; Panhandle 2, Texas; Grand, Ontario; Post Rock, Kansas; Lost Creek, Missouri; K2, Ontario; Logan’s Gap, Texas, Amazon Wind Farm Fowler Ridge, Indiana, and Armow Wind power facility in Ontario, Canada.
