Energy & Power
Pattern joint venture to develop 300MW Henvey Inlet Wind
November 6, 2014 By Anthony Capkun
November 6, 2014 – Pattern Energy Group LP has entered into a joint venture partnership with Henvey Inlet First Nation to jointly develop and own the 300MW Henvey Inlet Wind project to be built in Parry Sound District, Ont.
Pattern Development will own a 50% interest in the project, which has a 20-year Power Purchase Agreement with Ontario Power Authority (OPA) for 100% of its expected production. Nigig Power Corp.—wholly owned by Henvey Inlet First Nation—will own the other 50%.
“This will be our eighth wind project in Canada and the largest on-Reserve wind project to date, creating local jobs and providing a significant new source of revenue for the First Nation,” said Mike Garland, CEO of Pattern Development.
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