17 March 2010 -- Pattern Energy Group LP acquired the 283 MW Gulf Wind project Gulf Wind from Babcock & Brown. Gulf Wind includes 118 wind turbines and is on the Gulf Coast in Kenedy County, Texas.The majority of Gulf Wind’s output has been contracted to be sold to a credit-worthy third-party, with its price secured under a long-term power agreement.

Pattern was formed as an independent company eight months ago and now has nearly 400 MW of wind projects in operation or under construction across North America. Pattern financed a portion of the purchase price with Mizuho Corporate Bank LTD; BancoEspirito Santo, S.A.; Bayerische Landesbank; Commerzbank AG; HSH Nordbank AG; and ING Capital LLC. Read more articles and features on renewable energy.