Pattern Energy has agreed to acquire Cordelio Power under a definitive agreement between the two companies. Cordelio Power is an independent power producer active in Canada and the USA. The transaction covers a 1,550 MW portfolio of operating and in-construction assets comprising 16 wind, solar and storage projects in Canada and the USA.
Pattern Energy will also acquire the majority of Cordelio Power’s wind and storage development projects in selected markets in the USA, along with the company’s team. The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals. Cordelio Power is wholly owned by CPP Investments, which is also the majority shareholder of Pattern Energy. The share-based transaction will increase CPP Investments’ ownership stake in Pattern Energy following completion.
