GE announces 1050 MW order of wind energy from Pattern Energy//Norway??? | GE Message Board Posts

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Msg  6812 of 6862  at  1/14/2021 4:43:28 PM  by

margin321


 In response to msg 6811 by  moveuplots
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Re: GE announces 1050 MW order of wind energy from Pattern Energy//Norway???

Pattern Energy is US company with energy projects around world. They had IPO in 2013, tripled in size, then went private again in 2019. There have a complicated limited partnership structure owned by Canadian Pension Plan Investment Board, private equity, and management. They might be for sale at the right price but I think that GE would have to overpay by quite a bit. GE is probably better off selling equipment to them - GE doesn't really operate in the space of project development, management and ownership.

<< The Pattern Energy Group Inc. operating assets and the Pattern Energy Group 2 LP development platform are now owned by Pattern Energy Group LP (“Pattern Energy”), a joint venture among the Canada Pension Plan Investment Board (CPP Investments™), private equity funds managed by Riverstone Holdings LLC, and certain members of Pattern Energy management.>>

Of course Equinor is just the new name for Statoil, owned 67% by Norwegian Government with market cap of 80 Billion and diversifying into wind and solar space after being an offshore energy business of huge magnitude in North Sea.



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Msg # Subject Author Recs Date Posted
6813 Re: GE announces 1050 MW order of wind energy from Pattern Energy//Norway??? moveuplots 2 1/15/2021 5:02:53 PM








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