Pattern Energy and Samsung Renewable Energy Acquire Wind Power Projects in Ontario

SAN FRANCISCO, April 26, 2011 /PRNewswire/ -- Pattern Energy Group LP (Pattern) announced today that it has partnered with Samsung Renewable Energy to acquire wind power projects in Ontario from ACCIONA and Boralex. These projects will be combined with Pattern and Samsung's larger South Kent Wind Farm, which is under development. The 270 megawatt (MW) wind farm, located in the Regional Municipality of Chatham-Kent, is estimated to produce enough electricity each year to power more than 73,000 local homes.

"These acquisitions complete the land needed for our South Kent Wind project, which Pattern and Samsung are developing this year," said Mike Garland, CEO of Pattern Energy. "We are now focused on finalizing the necessary permitting requirements and working with the local landowners and residents on project details and community improvements. We look forward to the South Kent Wind project producing clean energy, economic development and revenue for the local communities."

Samsung and its partners have an agreement with the Province of Ontario to provide 2500 MW of new renewable energy. The first phase involves 400 MW of wind power and 100 MW of solar power. The companies have secured dedicated transmission capacity for these initial projects.

"Samsung and Pattern are working hard to develop world-class wind projects in Ontario, which will create jobs at each of the project locations and at the new Siemens turbine factories in Tillsonburg and Windsor, where they will produce the Ontario-made wind turbine components for our projects," added Garland.

As part of the agreement with the province, Samsung and its partners will establish four manufacturing facilities in Ontario, creating 1,440 manufacturing and related jobs building wind and solar technology for use in Ontario and export across North America. Pattern and Samsung have agreed to develop more than 500 MW of wind power utilizing Ontario-made wind turbine components from the new factories in Tillsonburg and in Windsor.

Pattern and Samsung recently announced the acquisition of land from the Fargo Wind Project from Suncor Energy and a nearby wind project development from Northland Power.

About Pattern Energy

Pattern Energy Group LP is an independent, fully integrated energy company that develops, constructs, owns, and operates renewable energy and transmission assets in the United States, Canada and Latin America.  With a long history in wind energy, Pattern's highly-experienced team of scientists, engineers, construction experts, and legal and financial professionals has developed, financed and placed into operation more than 2,500 MW of wind power.  Pattern's development pipeline exceeds 4,000 MW of renewable energy projects and includes multiple transmission projects.  Pattern currently has more than 520 MW of wind energy in operation in the United States and Canada.  With offices in San Francisco, San Diego, Houston, New York, and Toronto, Pattern is strongly committed to promoting environmental stewardship and is dedicated to working closely with landowners and communities to develop and operate premier renewable energy projects.  For more information, please visit www.patternenergy.com.

About Samsung C&T Corporation

Founded in 1938, Samsung C&T is the mother company of the Samsung Group, South Korea's largest conglomerate with interests in electronics, chemicals, finance, and numerous other fields. Today, the company's two business groups – Trading & Investment and Engineering & Construction – are involved in a broad and growing portfolio of businesses, delivering creative, integrated business solutions to customers worldwide through a network of over 100 offices in 44 countries. Both business groups have achieve many landmark accomplishments over the years in preparation for such an opportunity - among them, launching one of Korea's first solar energy projects and building the world's tallest skyscraper. Samsung C&T, Korea Electric Power Corporation (KEPCO) and Pattern Energy plan to build and operate the world's largest renewable energy cluster in Southern Ontario. Samsung was selected by the Ontario Government for its rapidly expanding expertise in the alternative energy field, but also for the proven track record of constructing projects of similar scale from planning and financing through to execution. Samsung and its partners intend to take advantage of Ontario's talented workforce and hire locally. Samsung C&T is an emerging global leader in new and renewable energy solutions with projects in Canada, the United States, Costa Rica, Korea, France, Italy, Greece, and Turkey.

Contact:

Matt Dallas
Pattern Energy
917-363-1333
[email protected]  

SOURCE Pattern Energy Group LP