Davis Polk Advises Pattern Energy’s Conflicts Committee on the Entry into Japan Market with Acquisition of Wind and Solar Projects
Davis Polk is advising the Conflicts Committee of the board of directors of Pattern Energy Group Inc. in connection with Pattern Energy’s approximately $325.5 million acquisition of 206 megawatts of owned capacity in Japanese wind and solar projects from Pattern Energy Group LP and Green Power Investments, including the acquisition of (i) the 122 MW Tsugaru wind project in the Aomori prefecture, (ii) the 10 MW Kanagi solar project in the Shimane prefecture, (iii) the 29 MW Futtsu solar project in the Chiba prefecture, (iv) the 12 MW Otsuki wind project in the Kochi prefecture and (v) the 33 MW Ohorayama wind project in the Kochi prefecture.
Pattern Energy is an independent power company listed on the NASDAQ Global Select Market and Toronto Stock Exchange. Pattern Energy has a portfolio of 25 wind and solar power facilities, including six projects it has agreed to acquire, with a total owned interest of 2,942 MW in the United States, Canada, Japan and Chile that use proven, best-in-class technology.
The Davis Polk corporate team includes partner John H. Butler and associates Francesca Campbell and Michael Zhuoran Xu. The tax team includes partner Po Sit and associate James Manzione. Partners Richard D. Truesdell Jr. and Shane Tintle are providing capital markets advice. Members of the Davis Polk team are based in the New York office.