by Cordelio Power | Jan 6, 2026 | Uncategorized | 0 comments
Acquisition Grows Pattern’s Energy Portfolio Across US and Canada
HOUSTON, SAN FRANCISCO, TORONTO, January 6, 2026 — Pattern Energy Group (Pattern Energy), a leader in clean energy and transmission infrastructure, and Cordelio Power today announced they have entered into a definitive agreement for Pattern Energy to acquire Cordelio Power, an independent power producer in Canada and the United States. The addition of Cordelio Power will expand one of the largest independent clean energy infrastructure platforms in North America.
“Today begins Pattern Energy’s next pivotal chapter in meeting North America’s rapidly growing energy demand,” said Hunter Armistead, Chief Executive Officer of Pattern Energy. “Cordelio brings a complementary portfolio of high-quality assets in attractive markets, supported by a strong and experienced team. This transaction will increase our presence and product offerings in the United States and Canada, and our ability to deliver the long-term, affordable and dependable infrastructure our customers expect as we fulfill our vision to Power the Future.”
Pattern will acquire a 1,550-megawatt operating and in-construction portfolio from Cordelio comprised of 16 wind, solar and storage projects in Canada and the United States. Pattern will also acquire the majority of Cordelio’s wind and storage development projects in key target markets in the United States, as well as Cordelio’s team.
“Pattern and Cordelio share a commitment to responsible development and the communities in which we work,” said Chris Hind, Chief Executive Officer of Cordelio Power. “We look forward to joining with Pattern Energy to deliver high-quality projects with expanded product offerings to support customers across more markets.”
Together, Pattern and Cordelio bring the scale and operational depth that are essential to delivering complex clean-energy projects reliably and efficiently in today’s market.
“Pattern’s acquisition of Cordelio represents a logical next step in strengthening a leading clean energy business, bringing together more resources and solutions to meet the growing energy demand across North America. This transaction brings together two complementary teams and portfolios, positioning the combined company to compete more effectively and accelerate growth,” said Bill Rogers, Managing Director, Head of Sustainable Energies for Canada Pension Plan Investment Board (CPP Investments). “We continue to see strong opportunities in the power sector that will drive long-term value to the CPP Fund.”
Evercore Group L.L.C. served as exclusive financial advisor to Pattern and Skadden, Arps, Slate, Meagher & Flom LLP and Osler Hoskin & Harcourt LLP served as legal counsel to Pattern in connection with this transaction. JPMorgan acted as financial advisor to Cordelio Power.
The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals. Cordelio Power is wholly owned by CPP Investments, the majority shareholder of Pattern Energy. This share-based transaction will increase CPP Investments’ ownership stake in Pattern Energy upon closing.
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About Pattern Energy
Pattern Energy is one of the world’s largest privately-owned developers and operators of major clean energy and transmission infrastructure. With more than 30 facilities across North America, Pattern’s operations use proven, best-in-class technology to deliver affordable, reliable power to millions of customers. Its nearly 10,000 MW operating and under-construction portfolio is meeting critical energy needs and growing demand. Pattern Energy is guided by a long-term commitment to serve customers, strengthen communities, and responsibly Power the Future. For more information, visit www.patternenergy.com.
About Cordelio Power
Cordelio Power is an independent power producer that develops, builds and operates wind, energy storage and solar facilities. Cordelio manages a 1,860-megawatt operating portfolio across the United States and Canada and a US development growth pipeline of over 18,000 MW of projects. We strive to work with all of our stakeholders in an efficient, safe, and environmentally responsible manner. Cordelio is wholly owned by Canada Pension Plan Investment Board.
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