trending Market Intelligence /marketintelligence/en/news-insights/trending/2jt2klkzikawtodzvecsmg2 content esgSubNav
In This List

Pattern Development closes financing, begins construction of Mont. wind project

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Pattern Development closes financing, begins construction of Mont. wind project

Pattern Energy Group 2 LP, which does business as Pattern Development, completed financing and started construction of its 79.75-MW Stillwater wind project in Stillwater County, Mont.

The project secured a construction financing, letter of credit facility and term tax equity financing commitment, according to a March 14 news release. The facility is expected to begin selling its output to NorthWestern Corp. for a 25-year term upon its expected completion in September.

Pattern Development bought the rights for the project from PNE Wind AG unit Windkraft Nord USA Inc. in July 2017. Pattern Development affiliate Pattern Energy Group Inc. has included the wind facility to its list of identified right of first offer projects.