Public Sector Pension Investment Board and Pattern Energy Group Inc. received approval from the Federal Energy Regulatory Commission to acquire indirect upstream membership interests in the 221-MW Grady Wind Energy Center from Pattern Energy Group 2 LP, or Pattern Development.
Public Sector Pension Investment Board subsidiary Vertuous Energy LLC will acquire a 49% membership interest in the facility, while Pattern Energy will acquire the remaining 51% interest.
The Grady wind farm is under construction in Curry County, N.M., and will sell its output to the Sacramento Municipal Utility District under a 25-year power purchase agreement once it starts operations.
FERC approved the transaction Aug. 8. (FERC docket EC19-98)