Pattern Energy Group has sold its directly owned Japanese assets and its interest in Green Power Investment (GPI), its affiliate in Japan, to NTT Anode Energy Corporation and JERA Co. Financial terms of the deal were not disclosed.
Tokyo-based GPI is a Japanese developer, owner and operator of renewable-energy assets. GPI’s development portfolio totals more than 4 gigawatts of wind capacity. Toshio Hori, the founder of GPI, was one of the earliest pioneers in renewable energy, having built some of the first large-scale wind power projects in Japan, the United States and Europe.
Since Pattern Energy acquired majority ownership in 2015, GPI has grown into one of the largest independent renewable platforms in Japan.
“We're very proud of our partnership with GPI over the past eight years that together we grew into a leading renewable-energy business in Japan,” said Hunter Armistead, CEO of Pattern Energy. “As we look to the future, Pattern is focused on its