SAN FRANCISCO, April 27, 2017 /PRNewswire/ -- Pattern Energy
Group Inc. (NASDAQ and TSX: PEGI) ("Pattern Energy") today
announced it has published a white paper (the "White Paper") on its
website outlining the business model, investment thesis and phases
of development.
"We believe that development undertaken with a disciplined,
experienced approach offers one of the more attractive risk-reward
profiles in the renewable energy value chain," said Mike Garland, CEO of Pattern Energy. "This White
Paper describes: 1) the potential benefits of investing in
development activities, 2) the activities involved in the various
phases of wind development, along with real examples to help the
reader better understand the business, and 3) the methods to more
effectively manage capital and project risk. Development is a very
exciting area of our industry that is continuing to grow; globally,
there are more investments being made in new renewable energy
projects than in fossil fuels."
Any investment by Pattern Energy in Pattern Energy Group 2 LP
("Pattern Development 2.0") would be subject to approval by Pattern
Energy's Conflicts Committee and Board of Directors.
The White Paper is available on the Events &
Presentation page in the Investors section of Pattern Energy's
website at www.patternenergy.com.
About Pattern Energy
Pattern Energy Group Inc. (Pattern Energy) is an independent
power company listed on The NASDAQ Global Select Market and Toronto
Stock Exchange. Pattern Energy has a portfolio of 18 wind power
facilities with a total owned interest of 2,644 MW in the United States, Canada and Chile that use proven, best-in-class
technology. Pattern Energy's wind power facilities generate stable
long-term cash flows in attractive markets and provide a solid
foundation for the continued growth of the business. For more
information, visit www.patternenergy.com.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements contained in this press release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of Canadian securities laws,
including statements whether any investment will be made in Pattern
Development 2.0 at all, and the risk-reward profile, potential
benefits, and returns of any investment in development. These
forward-looking statements represent Pattern Energy's expectations
or beliefs concerning future events, and it is possible that the
results described in this press release will not be achieved. These
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of Pattern Energy's
control, which could cause actual results to differ materially from
the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, Pattern Energy
does not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. New factors emerge from time to time,
and it is not possible for Pattern Energy to predict all such
factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements in Pattern Energy's annual report on Form 10-K and any
quarterly reports on Form 10-Q. The risk factors and other factors
noted therein could cause actual events or Pattern Energy's actual
results to differ materially from those contained in any
forward-looking statement.
The content provided in the White Paper is intended solely for
general information purposes. The case studies, hypotheticals
and other information in the White Paper do not constitute
estimates, forecasts or assurances that similar future
circumstances will result in similar results. The White Paper
in no way constitutes the provision of investment advice. Pattern
Energy does not accept liability for direct or indirect losses
resulting from using, relying or acting upon information in the
White Paper.
Contacts:
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Media
Relations
Matt
Dallas
917-363-1333
matt.dallas@patternenergy.com
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Investor
Relations
Ross
Marshall
416-526-1563
ross.marshall@loderockadvisors.com
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pattern-energy-publishes-white-paper-on-renewable-energy-development-300447073.html
SOURCE Pattern Energy Group Inc.