The New Energy Company

This was dated July 3, of this year…

Riverstone Holdings LLC and the management team of Babcock & Brown’s North American Energy Group confirmed the purchase of the wind development portfolio from Babcock & Brown LP to form Pattern Energy Group LP. Pattern Energy will be an independent, fully integrated energy company that develops, constructs, owns and operates renewable energy and transmission assets across North America and parts of Latin America.

Riverstone is committing $400 million to expand and support Pattern Energy’s renewable energy business.

Pattern Energy retains the Babcock & Brown North American energy development team, which has successfully developed, financed and placed into operation 2,000 MW of wind power across 11 states.

Pattern Energy also maintains the current Babcock & Brown development pipeline that exceeds 4,000 MW of wind power in 11 states and 4 countries in addition to several power transmission projects. Riverstone is committing $400 million to expand and support Pattern Energy’s renewable energy business.

That is all I know at this time.. A short phone call could stir up interest again….