Pattern Energy signs deal to acquire Cordelio Power assets

Pattern Energy Group, a US-based clean energy infrastructure company, has announced an agreement to acquire Cordelio Power, an IPP operating in Canada and the US. The transaction covers a 1,550 MW operating and in-construction portfolio comprising 16 wind, PV, and storage projects across both countries. Pattern Energy will also acquire the majority of Cordelio Power’s wind and storage development pipeline in the US, along with its project team. The transaction has been structured as a share-based arrangement. Closing of the transaction is expected during the first quarter of 2026, subject to regulatory approvals. Evercore Group L.L.C. has served as exclusive financial advisor to Pattern Energy, while JPMorgan acted as financial advisor to Cordelio Power. Skadden, Arps, Slate, Meagher & Flom LLP and Osler Hoskin & Harcourt LLP have advised Pattern Energy on legal matters related to the transaction. Recently, BrightNight and Cordelio Power have achieved financial close for the 300 MW Pioneer hybrid plant in Arizona.