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Pattern Energy affiliate wins FERC approval to sell stake in wind projects

A Pattern Energy Group Inc. affiliate on March 31 received Federal Energy Regulatory Commission approval to sell its 100% passive class A membership stake in Broadview Energy JN and Broadview Energy KW to a group of investors.

The projects, which are indirectly owned by Broadview Energy Holdings LLC, will sell their interests under the following terms of transaction: Allianz Renewable Energy Partners of America LLC will acquire 39% passive membership interests; JPM Capital Corp., an indirect subsidiary of JPMorgan Chase & Co., will acquire 31% of the membership stake; and Capital One NA and RBC Tax Credit will each acquire a 15% passive interest.

The two Broadview Energy entities are developing wind energy facilities in Curry County, N.M., that, once operational, will sell power to Edison International subsidiary Southern California Edison Co.

Broadview Energy Holdings is wholly owned by Pattern Energy unit Pattern Renewables LP. (Docket No. EC17-71)