Pattern Energy
A renewable-power company that develops, owns, and operates utility-scale wind and solar facilities and transmission infrastructure.
Last updated August 21, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Pattern Energy is a North American renewable-energy company focused on utility-scale wind and solar generation, together with related transmission infrastructure. The business was organized in 2009 by Riverstone Holdings to acquire assets associated with Babcock & Brown's North American wind-energy group. Its activities have included project development, ownership, operation, and portfolio management rather than the sale of consumer energy products under a retail brand. The Pattern business was divided between development activities retained by a privately held entity and an operating public company. In 2013, Pattern Energy Group Inc. completed an initial public offering and acquired operating assets from the earlier Pattern organization, while development assets remained with a separate private vehicle. This structure allowed the operating portfolio to access public capital while preserving a distinct development platform. A major ownership change occurred on March 16, 2020, when Pattern Energy Group Inc. was acquired by the Canada Pension Plan Investment Board through a reverse-merger transaction and taken private. In connection with that transaction, Pattern Energy Group LP acquired 28 renewable facilities from the former public company, with aggregate operating capacity of approximately 4.4 gigawatts. The transaction ended Pattern Energy Group Inc.'s public-market status; the former PEGI ticker therefore should not be treated as the current listing of Pattern Energy. Pattern's portfolio has included wind farms across the United States and Canada, as well as solar facilities in the United States and Mexico. The company has also operated facilities in Puerto Rico and developed or acquired assets in multiple regional power markets. Its generation portfolio has included projects such as Armow, K2, Meikle, Panhandle, Western Spirit, and Ocotillo. By August 2023, the company's aggregate installed operating capacity was approaching 6,000 megawatts, according to the referenced Wikipedia material. The company expanded beyond generation through its acquisition of the SunZia Transmission project from SouthWestern Power Group in July 2022. SunZia combines a major New Mexico wind-development opportunity with transmission infrastructure intended to move renewable electricity to demand centers in the western United States. This reflects Pattern's broader positioning as an owner and developer of large renewable-energy assets and enabling infrastructure, rather than solely as a wind-farm operator. Pattern Energy's business model is based on long-lived infrastructure, power-purchase agreements and other contracted or market-based electricity arrangements, project finance, construction management, and operational performance. Its customers and counterparties may include utilities, commercial energy buyers, grid participants, and public-sector entities. The company is best understood as an institutional-scale renewable infrastructure platform. It is not the same entity as the former publicly traded Pattern Energy Group Inc., although the current private business inherited a substantial portion of that company's operating portfolio.
History
Pattern Energy was organized in 2009 by Riverstone Holdings to acquire assets from Babcock & Brown's North American wind-energy group. The formation gave Riverstone a platform for assembling and operating large renewable-power projects at a time when wind generation was expanding rapidly in North America and institutional investors were seeking infrastructure assets with long operating lives. The Pattern business subsequently developed a two-part structure. In 2013, operating assets were sold to Pattern Energy Group Inc. following that company's initial public offering. Development assets were retained by a privately held entity, separating the public operating portfolio from the private development platform. This arrangement supported the financing and expansion of operating wind projects while leaving development activities outside the listed company. Pattern Energy Group Inc. built a portfolio of utility-scale renewable facilities in the United States, Canada, and other markets. Projects associated with the broader Pattern platform included wind farms in Texas, New Mexico, California, Indiana, Missouri, Kansas, Montana, and Puerto Rico; Canadian projects in Ontario, Alberta, British Columbia, Quebec, and Manitoba; and solar projects in Texas and Mexico. The portfolio reflected a geographically diversified approach designed to access different wind regimes, electricity markets, transmission systems, and contracting opportunities. On March 16, 2020, the Canada Pension Plan Investment Board acquired Pattern Energy Group Inc. and took it private through a reverse-merger transaction. In connection with the going-private transaction, Pattern Energy Group LP acquired 28 renewable-energy facilities from Pattern Energy Group Inc. Those facilities represented approximately 4.4 gigawatts of aggregate operating capacity. The transaction ended the public listing associated with Pattern Energy Group Inc.; the historical PEGI ticker consequently describes the former public company and is not a current ticker for the private Pattern Energy business. After the transaction, Pattern Energy continued to own and operate renewable-generation assets while expanding its development and infrastructure activities. In July 2022, it acquired the SunZia Transmission project from SouthWestern Power Group through private funding. SunZia became an important example of the company's move into transmission infrastructure, linking renewable generation development in New Mexico with the delivery of electricity to markets in the western United States. The associated SunZia Wind project was listed as being under development in the referenced August 2023 facility overview. As of August 2023, Pattern Energy's aggregate installed operating capacity was approaching 6,000 megawatts. The listed operational and development portfolio included wind, solar, and transmission-related assets. Notable facilities included Amazon Wind Farm at Fowler Ridge, Broadview Wind, Gulf Wind, Grady Wind, Hatchet Ridge Wind, Logan's Gap Wind, Lost Creek Wind, Ocotillo Wind, Panhandle Wind, Panhandle 2 Wind, Phoenix Solar, Post Rock Wind, Santa Isabel Wind, Stillwater Wind, and Western Spirit Wind in the United States; Armow Wind, Belle River Wind, Grand Renewable Wind, Henvey Inlet Wind, K2 Wind, Lanfine Wind, Meikle Wind, Mont Sainte Marguerite Wind, North Kent Wind, South Kent Wind, and St. Joseph Wind in Canada; and Helios Solar and Tuli Solar in Mexico. Pattern Energy's current identity is therefore that of a privately owned renewable infrastructure company. Its activities span development, ownership, operations, and transmission, with a portfolio assembled through both organic development and corporate transactions. The company should be distinguished from Pattern Energy Group Inc., the former publicly traded corporation, even though the private Pattern Energy Group LP acquired a substantial group of that company's operating assets.
- 2023
Operating capacity approaches 6 gigawatts
[1]The company's aggregate installed operating capacity was reported as approaching 6,000 megawatts as of August 2023.
- 2022
SunZia Transmission is acquired
[1]Pattern Energy acquired the SunZia Transmission project from SouthWestern Power Group through private funding.
- 2020
Pattern Energy is taken private
[1]Canada Pension Plan Investment Board acquired Pattern Energy Group Inc. through a reverse merger. Pattern Energy Group LP acquired 28 facilities with approximately 4.4 gigawatts of operating capacity.
- 2013
Operating assets move to a public company
[1]Pattern Energy Group Inc. completed an initial public offering and acquired operating assets, while development assets remained with a privately held Pattern entity.
- 2009
Pattern Energy is organized
[1]Riverstone Holdings organized Pattern Energy to acquire assets from Babcock & Brown's North American wind-energy group.
Products and positioning
An owner, operator, and developer of large-scale renewable-energy generation and transmission assets, with an emphasis on long-term infrastructure investment across North America.
Wind power
Utility-scale wind generation
Wind generation is the core historical component of Pattern Energy's portfolio. The company has owned and operated projects across multiple U.S. states, Canadian provinces, and Puerto Rico, including Panhandle, Western Spirit, K2, Meikle, Armow, and Santa Isabel. These facilities convert regional wind resources into grid-supplied electricity through large turbine installations and associated collection and interconnection systems.
Solar power
Utility-scale solar generation
Pattern Energy's solar portfolio includes projects in the United States and Mexico. Referenced facilities include Phoenix Solar in Texas and Helios Solar and Tuli Solar in Zacatecas, Mexico. These assets complement the company's wind portfolio by adding solar generation to its renewable infrastructure holdings and broadening its exposure to different production profiles and power markets.
Renewable generation and transmission · 2022
SunZia Wind and Transmission
SunZia combines a large renewable-generation development in New Mexico with a high-voltage transmission project intended to move electricity toward western U.S. demand centers. Pattern Energy acquired the transmission project in 2022 and listed SunZia Wind and Transmission as a development activity in the referenced 2023 portfolio overview. It represents the company's expansion into infrastructure that enables renewable power delivery.
Brand decisions
2022
Acquisition of SunZia TransmissionM&ABackground
Pattern sought to expand beyond generation into transmission infrastructure supporting renewable-energy delivery.
Action taken
The company acquired the SunZia Transmission project from SouthWestern Power Group through private funding.
Aftermath
SunZia became a central example of Pattern's integrated generation-and-transmission development strategy.
2020
Take-private acquisition by Canada Pension Plan Investment BoardM&ABackground
Pattern Energy Group Inc. was acquired in a transaction that combined ownership by the Canada Pension Plan Investment Board with a reverse merger.
Action taken
The public company was taken private, and Pattern Energy Group LP acquired 28 renewable facilities with approximately 4.4 gigawatts of operating capacity.
Aftermath
Pattern ceased to be a publicly listed company and continued as a private renewable-infrastructure platform.
2013
Separate public ownership of operating assets from private development activitiesStrategyBackground
Pattern's operating and development activities were placed into different corporate structures during the 2013 public-market transaction.
Action taken
Operating assets were sold to Pattern Energy Group Inc. after its initial public offering, while development assets remained with a privately held Pattern entity.
Aftermath
The structure created a listed operating company alongside a private development platform.
Recent events
Pattern Energy closes financing for Phoenix Solar Project[3]
Reported:
Pattern Energy announced that it had completed financing for its 105 MWdc Phoenix Solar Project in Texas. ING Capital provided construction and term project financing, and RBC Community Investments provided tax equity. Pattern Energy also said construction had started.
CPPIB agrees to acquire Pattern Energy[4]
Pattern Energy Group and Canada Pension Plan Investment Board announced a definitive agreement under which CPPIB will acquire Pattern Energy in an all-cash transaction for US$26.75 per share, implying an enterprise value of approximately US$6.1 billion including net debt. The transaction was expected to close by the second quarter of 2020.
CPPIB and Riverstone agree to combine Pattern Energy businesses[4]
CPPIB and Riverstone Holdings entered into an agreement to combine Pattern Energy and Pattern Development under common ownership at or following the proposed acquisition of Pattern Energy by CPPIB.
Sources4 sources
Cite this profile: Cite the canonical profile. /brand-wiki/pattern-energy · Editorial policy · How profiles are compiled