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Pattern Development closes sale of stake in 221-MW wind farm in New Mexico

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Pattern Development closes sale of stake in 221-MW wind farm in New Mexico

Pattern Energy Group Inc. and Public Sector Pension Investment Board closed the purchase of indirect upstream membership interests in the 221-MW Grady Wind Energy Center in Curry County, N.M., from Pattern Energy Group 2 LP, or Pattern Development.

Public Sector Pension Investment Board subsidiary Vertuous Energy LLC acquired a 49% membership interest in the facility, while Pattern Energy acquired the remaining 51% interest.

The wind farm started operations in September and sells its output to Sacramento Municipal Utility District under a 25-year power contract.

FERC approved the transaction Aug. 8. (FERC docket EC19-98)