Pattern Energy ‘Draws Interest’ From Potential Buyers

By [email protected] Renewables generator Pattern Energy confirmed Tuesday that it has “drawn interest” from potential buyers, following a press report that Brookfield Asset Management may be interested in merging its TerraForm Power business with Pattern.

Such a merger would create a new renewables powerhouse with an international footprint, fusing Pattern’s 2.9 gigawatts of mostly wind capacity across North America and Japan with TerraForm Power’s more technologically diversified 3.7-gigawatt portfolio in the U.S., Europe and Latin America.

Pattern’s shares rose 7 percent on Monday afternoon after Bloomberg first reported the talks based on unidentified sources, and the shares continued to move northward on Tuesday morning.

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