Pattern Energy Group (Pattern Development) has formed a joint venture with Henvey Inlet First Nation to develop a 300MW wind farm in Ontario, Canada.
Pattern Development and Henvey Inlet’s Nigig Power will each own a 50% stake in the Henvey Inlet Wind project, which will be built in Parry Sound District.
Commenting on the joint venture, Pattern Development CEO Mike Garland said: "We’re honored to partner with Henvey Inlet First Nation in Ontario on this exciting new project, which will take advantage of the strong and steady winds blowing across the Georgian Bay.
"This will be our eighth wind project in Canada and the largest on-reserve wind project to date, creating local jobs and providing a significant new source of revenue for the First Nation."
The clean energy generated at the project will be purchased by Ontario Power Authority under a 20-year power purchase agreement.
Pattern Energy has added 150MW of the 300MW Henvey Inlet Wind project to its list of identified right of first offer (ROFO) projects from Pattern Development.
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By GlobalDataPattern Development plans to arrange construction and long-term debt financing for Henvey Inlet in 2016.
The addition of Henvey Inlet Wind increases Pattern Energy’s ROFO list to eight projects with a total owned capacity of 874MW.
The company said the list of identified ROFO projects represents a portion of Pattern Development’s 3,000MW pipeline of developments, all of which are subject to Pattern Energy’s right of first offer.
