Pattern secures finance for first Japanese wind farm with partner GPI

Two years ago Pattern Development, the parent of publicly listed US yieldco Pattern Energy, acquired a majority stake in Tokyo-based developer GPI, gaining access to a 1GW wind and solar pipeline.

Last year the two companies completed their first solar projects in Japan, totaling 56MW, and they have now completed financing for the 33MW Ohorayama wind project. The Ohorayama wind project is due for completion in March 2018, and will sell its power via a 20-year off-take deal with Shikoku Electric Power Company.