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Pattern Development closes C$1B financing for 300-MW wind farm in Ontario

Pattern Energy Group LP, or Pattern Development, secured a C$1 billion financing to support construction of the planned 300-MW Henvey Inlet Wind Project in Ontario, according to a Dec. 26 company release. The project is a joint venture between Pattern Development and Henvey Inlet First Nation subsidiary Nigig Power Corp.

The proposed wind farm, which is being built on Henvey Inlet First Nation Reserve No. 2 on the northeast shore of the Georgian Bay in Ontario, will comprise of 87 Vestas turbines with a 136-meter rotor diameter and 132-meter hub height. The facility will sell its entire output to the Independent Electricity System Operator under a 20-year power contract.

"This landmark project is a first on many fronts: largest wind project in Ontario, largest on-reserve wind installation in Canada, highest hub heights in North America, and the first to develop a First Nation Environmental Stewardship Regime under the First Nations Lands Management Act," Pattern Development CEO Mike Garland said.

The facility is slated to reach operations in the first half of 2019 and is expected to generate renewable electricity to about 100,000 Ontario homes every year.

Pattern Development affiliate Pattern Energy Group Inc. previously added the Henvey Inlet wind project to its list of identified right of first offer projects.