Pattern Energy acquires 51% of 179-MW Meikle Wind-power facility

By Michelle Froese Pattern Energy Group Inc. announced it has completed the acquisition of a 51% interest in the 179-MW Meikle Wind facility from Pattern Energy Group LP (Pattern Development) for $68 million. This represents a 10 times multiple of the five-year average cash available for distribution (CAFD). The Public Sector Pension Investment Board acquired the remaining 49%.
Meikle Wind is currently the largest wind facility in British Columbia, and has increased the installed wind-power capacity in the province by 37%
“Completing the acquisition of Meikle Wind adds British Columbia’s largest wind-power facility to our portfolio and is one of the first initiatives in our

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