Through its ATM programme, Nasdaq-listed Pattern will sell new shares “from time to time” when the market conditions are favourable, with some of the money raised to be used for acquisitions and investments.

Pattern Energy, which owns 2.28GW of wind capacity today, has the “right of first offer” (ROFO) on 1.3GW of assets owned by parent Pattern Development. Beyond that, Pattern Development controls a 5.9GW