Pattern Energy Expands North American Portfolio with Cordelio Acquisition

January 6, 2026 January 6, 2026

Editorial Staff

The Facts -

Pattern Energy will acquire Cordelio Power to expand its clean energy reach.

The acquisition includes 1,550 MW from 16 wind, solar, and storage projects.

The deal will close in Q1 2026, increasing CPP Investments' stake in Pattern.

Pattern Energy Expands Its Renewable Footprint with Cordelio Acquisition

HOUSTON, SAN FRANCISCO, TORONTO — In a strategic move to enhance its clean energy infrastructure across North America, Pattern Energy Group has announced a definitive acquisition agreement with Cordelio Power. This acquisition positions Pattern Energy to significantly bolster its independent clean energy platform in both the U.S. and Canada.

According to Hunter Armistead, CEO of Pattern Energy, “Today begins Pattern Energy’s next pivotal chapter in meeting North America’s rapidly growing energy demand. Cordelio brings a complementary portfolio of high-quality assets in attractive markets, supported by a strong and experienced team. This transaction will increase our presence and product offerings in the United States and Canada, and our ability to deliver the long-term, affordable and dependable infrastructure our customers expect as we fulfill our vision to Power the Future.”

Pattern Energy's new acquisition includes a 1,550-megawatt blend of operating and under-construction projects across 16 wind, solar, and storage sites in Canada and the U.S. Additionally, Pattern will take over the majority of Cordelio’s wind and storage development projects in key American markets, alongside adding Cordelio’s experienced team to its roster.

Chris Hind, CEO of Cordelio Power, emphasized the shared values between the companies, stating, “Pattern and Cordelio share a commitment to responsible development and the communities in which we work. We look forward to joining with Pattern Energy to deliver high-quality projects with expanded product offerings to support customers across more markets.”

The union of Pattern and Cordelio aims to leverage their collective scale and operational expertise to efficiently manage complex clean-energy projects amidst rising market demand.

Bill Rogers, Managing Director and Head of Sustainable Energies for Canada Pension Plan Investment Board (CPP Investments), remarked on the acquisition, saying, “Pattern’s acquisition of Cordelio represents a logical next step in strengthening a leading clean energy business, bringing together more resources and solutions to meet the growing energy demand across North America. This transaction brings together two complementary teams and portfolios, positioning the combined company to compete more effectively and accelerate growth.”

Evercore Group L.L.C. acted as the exclusive financial advisor to Pattern, while Skadden, Arps, Slate, Meagher & Flom LLP and Osler Hoskin & Harcourt LLP provided legal counsel. Meanwhile, Cordelio was advised by JPMorgan.

The transaction is slated for completion in the first quarter of 2026, pending customary regulatory approvals. Upon completion, it will increase CPP Investments’ ownership in Pattern Energy, given that Cordelio is fully owned by CPP Investments.

About Pattern Energy

Pattern Energy stands as one of the largest privately-held developers and operators of major clean energy infrastructure globally. With over 30 facilities across North America, it delivers reliable power using state-of-the-art technology. Pattern Energy’s portfolio, which includes nearly 10,000 MW in operation and construction, meets essential energy needs and anticipates future demand. For further details, visit www.patternenergy.com.

About Cordelio Power

Cordelio Power, an independent power producer, specializes in developing, constructing, and operating wind, solar, and energy storage facilities. Its operations span an 1,860-megawatt portfolio in the U.S. and Canada, with a U.S. development pipeline exceeding 18,000 MW. Cordelio is committed to working efficiently and sustainably with all stakeholders. Cordelio is wholly owned by the Canada Pension Plan Investment Board.