Pattern Energy, the US-based wind yieldco, will make its first investments into Japan and for the first time take ownership of operating solar assets, in a 206MW deal with one of its privately held development companies.

More than three years have passed since Pattern’s development arm bought a majority stake in Japanese renewables developer Green Power Investment (GPI), but the latest round of deals formally opens a new chapter for publicly listed Pattern Energy – bringing it for the first time into Asia and into solar energy, two markets in which it is likely to expand in the years ahead.