Pattern Energy Closes Sale of Japanese Assets
TOKYO, Aug. 4, 2023 /PRNewswire/ — Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, announced it has closed the sale of its directly-owned Japanese assets and 100% of its interest in its affiliate in Japan, Green Power Investment Corp. (GPI), to NTT Anode Energy Corporation and JERA Co., Inc. Terms of the transaction were not disclosed.
“We’re very proud of our partnership with GPI over the past eight years that together we grew into a leading renewable energy business in Japan,” said Hunter Armistead, CEO of Pattern Energy. “As we look to the future, Pattern is focused on its growing pipeline of projects in North America, including some of the largest wind and transmission projects in U.S. history.”
“We would like to thank Pattern Energy, which has been the ideal partner since 2015, helping us grow the business and expand our pipeline considerably,” said GPI President Mitsuru Sakaki.
Since Pattern Energy acquired majority ownership in 2015, GPI has grown into one of the largest independent renewable platforms in Japan with a team of over 200 professionals with extensive experience and knowledge of renewable energy operations. The sale is the culmination of a successful investment into the Japanese renewable market and partnership between Pattern Energy and GPI.
Green Power Investment Corporation (GPI) is a Japanese developer, owner and operator of renewable energy assets. The founder of GPI, Toshio Hori, was one of the earliest pioneers in renewable energy, having built some of the first large scale wind power projects in Japan, the United States and Europe. GPI is headquartered in Tokyo and has a team of more than 200 professionals covering all areas of expertise necessary to operate and manage a full-scale renewable energy business. GPI’s development portfolio totals more than 4 gigawatts of wind capacity, including approximately 1.4 GW MW of wind projects that have FiT certifications. Pattern Energy holds a majority interest in GPI.
About Pattern Energy
Pattern Energy is one of the world’s largest privately-owned developers and operators of wind, solar, transmission, and energy storage projects. Its operational portfolio includes 30 renewable energy facilities that use proven, best-in-class technology with an operating capacity of nearly 6,000 MW across North America. Pattern Energy is guided by a long-term commitment to serve customers, protect the environment, and strengthen communities. For more information, visit www.patternenergy.com.
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SOURCE Pattern Energy Group LP
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