San Francisco, CA, and Mississauga, ON, April 18, 2011 – Pattern Energy Group LP (Pattern) and Samsung Renewable Energy (Samsung), a subsidiary of Samsung C&T Corporation today announced that they have jointly acquired land from the Fargo Wind Project from Suncor Energy and a nearby wind development project from Northland Power. The two development projects will be included in the larger South Kent Wind Farm, a 270 megawatt (MW) wind project located in the Regional Municipality of Chatham-Kent, which Pattern and Samsung are developing this year.
"Pattern and Samsung will be able to accelerate the development of these projects by combining them with our nearby South Kent Wind Farm and its transmission connection," said Mike Garland, CEO of Pattern. "We look forward to working with the landowners and the community to develop premier wind farms that will create community benefits including jobs, tax revenue, landowner income and community improvements, and also establish a strong local source of clean, reliable energy."
"Together with Pattern, we are making major progress on our goal to bring new sources of wind energy to Ontario," said Cheol-Woo Lee, Senior Executive Vice President of Samsung. "In addition to closing on these projects we are closing on thousands of acres in southwestern Ontario and the Bruce region for the development of more than 500 MW of wind power, which will use Ontario-made wind turbine components and towers from new Ontario factories in Tillsonburg (blades) and in Windsor (towers)."
Pattern Energy Group LP is an independent, fully integrated energy company that develops, constructs, owns, and operates renewable energy and transmission assets in the United States, Canada and Latin America. With a long history in wind energy, Pattern's highly-experienced team of scientists, engineers, construction experts, and legal and financial professionals has developed, financed and placed into operation more than 2,500 MW of wind power projects. Pattern's development pipeline exceeds 4,000 MW of renewable energy projects and includes multiple transmission projects. Pattern currently has 520 MW of wind energy in operation in the U.S. and in southern Manitoba, Canada. With offices in San Francisco, San Diego, Houston, New York, and Toronto, Pattern is strongly committed to promoting environmental stewardship and is dedicated to working closely with landowners and communities to develop and operate premier renewable energy projects. For more information, please visit www.patternenergy.com.
ABOUT SAMSUNG C&T CORPORATION
Founded in 1938, Samsung C&T is the mother company of the Samsung Group, South Korea's largest conglomerate with interests in electronics, chemicals, finance, and numerous other fields. Today, the company's two business groups – Trading & Investment and Engineering & Construction – are involved in a broad and growing portfolio of businesses, delivering creative, integrated business solutions to customers worldwide through a network of over 100 offices in 44 countries. Both business groups have achieve many landmark accomplishments over the years in preparation for such an opportunity – among them, launching one of Korea's first solar energy projects and building the world's tallest skyscraper. Samsung C & T, Korea Electric Power Corporation (KEPCO) and Pattern Energy plan to build and operate the world's largest renewable energy cluster in Southern Ontario. Samsung was selected by the Ontario Government for its rapidly expanding expertise in the alternative energy field, but also for the proven track record of constructing projects of similar scale from planning and financing through to execution. Samsung and its partners intend to take advantage of Ontario's talented workforce and hire locally. Samsung C&T is an emerging global leader in new and renewable energy solutions with projects in Canada, the United States, Costa Rica, Korea, France, Italy, Greece, and Turkey.