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ALBUQUERQUE, N.M., May 24, 2021 /PRNewswire/ Pattern Energy Group LP (Pattern Energy) and international energy company Uniper today announced they have signed a 15-year power purchase agreement for up to 219,000 MWh per year of wind energy in New Mexico, enough to power more than 20,000 homes annually. The power will be delivered from Pattern Energy s 1,050 MW Western Spirit Wind project, which is currently under construction in New Mexico and represents the largest single-phase renewable power build out in U.S. history. Western Spirit Wind is expected to be completed by the end of 2021.
Pattern Energy’s Clines Corner Wind project, which is part of the 1,050 MW Western Spirit Wind project in New Mexico
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On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in
In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Investment Board (“Canada Pension”). The transaction was narrowly approved by 52% of the Pattern Energy stockholders on March 10, 2020, with both ISS and Glass Lewis recommending stockholders vote against the sale. The sale closed on March 16, 2020.
Despite having many of the traditional hallmarks of a sound sales process a disinterested and independent special committee authorized to conduct the process, non-conflicted legal and financial advisors counseling the special committee, and multiple viable potential buyers submitting offers the Court denied a motion to
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