California based Pattern Energy files for IPO to $345 million – Wind Power

See on Scoop.itGreen & Sustainable News

(Reuters) – Renewable power producer Pattern Energy Group Inc filed with U.S. regulators on Friday to raise up to $345 million in an initial public offering of common shares.

 

Duane Tilden‘s insight:

>The California-based company owns and operates wind power projects and has an interest in eight wind power projects located in the United States, Canada and Chile, representing a combined capacity of 1,041 megawatts.

[…]

 

Pattern Energy said it expects to benefit from growing demand for renewable sources of energy, amid increasing concerns related to greenhouse gas emissions and increasing prices of fossil fuels.

[…]

 

Pattern Energy reported net income of $44.3 million and revenue of $58.7 million in the quarter ended June 30.  The filing did not reveal how many Class A shares the company planned to sell or their expected price.  The company listed BMO Capital Markets, RBC Capital Markets, Morgan Stanley as underwriters to its offering. <

 

See on www.reuters.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s