Pattern Energy will fund the transaction with available liquidity and expects it to close within 45 days.

Armow has been operational for nine months and provides electricity to about 70,000 homes each year. It employs 91 Siemens, 2.3MW turbines. It operates under a 20-year power purchase agreement with IESO in Ontario.

Upon closing, the wind farm will be owned jointly by Pattern Energy Samsung Renewable Energy.