US wind operator Pattern Energy sought to soothe investors in the shadow of California utility PG&E’s looming bankruptcy, saying it expects “minimal impact” to its business despite having a power-purchase agreement for its 101MW Hatchet Ridge wind farm with the troubled utility.
One of the biggest questions for the renewables sector as PG&E moves into Chapter 11 bankruptcy is whether the utility will stand behind its myriad wind and solar PPAs with project owners like Clearway Energy, Consolidated Edison and Pattern.
