Pattern Energy Group has entered an agreement for the sale of its directly owned Japanese assets and 100 percent of its interest in its affiliate in Japan, Green Power Investment (GPI), to NTT Anode Energy Corporation and JERA.
Terms of the transaction were not disclosed.
The sale is the culmination of an investment into the Japanese renewable market and partnership between Pattern and GPI. Pattern’s directly owned assets include Sumita Tono Wind, Ishikari Offshore Wind and Storage, and Fukaura Wind. Sumita Tono Wind began operation earlier this month and is providing power to 47,000 households in Japan.
Since Pattern acquired majority ownership in 2015, GPI has grown into one of the largest independent renewable platforms in Japan with a team of over 200 professionals with extensive experience and knowledge of renewable energy operations.
GPI operates six renewable energy facilities totaling 337 MW, two projects under construction totaling 192 MW, including the largest combined offshore wind and storage project in Japan.