Pattern Energy expands ROFO list with 526 MW of projects in Japan and New Mexico

Highlights

• Expands Pattern Energy's presence into New Mexico and Japan
• Adds 526 MW to identified ROFO list, including 128 MW in Japan and 398 MW in New Mexico
• Six new projects include two solar projects and four wind projects
• All projects will have long-term power purchase agreements (PPAs)
• Increases identified ROFO list to 14 projects with 1,346 MW of total owned capacity

"Since the IPO we have expanded the ROFO list by 182%, offering investors detailed visibility into our growth plans," said Mike Garland, President and CEO of Pattern Energy. "Between our operational facilities and our ROFO projects, we have also significantly expanded our reach, which now encompasses Chile, Japan, four provinces in Canada, Puerto Rico, and seven states across the United States."

"Included in the ROFO list is a large multi-phase project in New Mexico, which will deliver very attractively priced wind power directly into California," added Garland. "Our five new Japanese projects, which include two solar projects, demonstrate the progress that Pattern Development has made in its partnership with GPI in Japan."

"Because of the great success of the relationship with Pattern Development, and given the dramatic expansion of its activities, we have agreed not to reintegrate the employees into Pattern Energy when the company hits the $2.5 billion market capitalization," said Garland.

Pattern Development has recently expanded its project pipeline to 5,900 MW.

The six new projects being added to Pattern Energy's ROFO list, including total MW and the anticipated owned MW, include: