BRIEF-Pattern Energy to buy interest in Armow Wind power facility

Thu Sep 22, 2016 4:35pm EDT
 
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Sept 22 (Reuters) - Pattern Energy Group Inc:

* To acquire a 90 MW interest in operating 180 MW Armow Wind power facility in Ontario, Canada from Pattern Energy Group LP

* Total cash funding commitment of approximately $132 million

* Acquisition will be funded with available liquidity and is expected to close within 45 days

* Armow Wind will be jointly owned by Pattern Energy and Samsung Renewable Energy Inc

* Acquisition will be immediately accretive upon closing Source text for Eikon: Further company coverage: