Pattern Energy confirms takeover interest

Facebook
Twitter
LinkedIn
Reddit
Email
A Pattern Energy PV plant in Chile. Source: Pattern Energy

Energy developer Pattern Energy confirmed on Tuesday that it is courting potential takeover suitors, but that so far no agreement or arrangement had been reached.

In a tightlipped statement the San Francisco-based firm said it had “drawn interest from third parties”.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The statement was in response to a Bloomberg report on Monday that claimed Toronto-based Brookfield Asset Mangement has shown interest in merging Pattern Energy with its majority-owned renewable arm, TerraForm Power.

Pattern’s shares rose 8% following the news, its largest gain since December 2015, according to Bloomberg.

The company said that a transaction “may or may not be agreed”, and that it will not make any further public announcements regarding “rumours or speculation” unless disclosure is necessary or legally warranted.

Pattern Energy, which went public in 2013, has 26 wind and solar energy projects in the US, Canada and Japan, with a total operating capacity of 4GW.

In February, the company signed off on a number of transactions to acquire 206MW of PV and wind projects from Pattern Energy Development and Green Power Investments in Japan.

TerraForm Power is headquartered in New York City. It owns and operates a 3.7GW portfolio of solar and wind.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

September 1, 2025
California's solar and storage association has called for US$10 million fines for PG&E and SCE for failing to approve residential solar and storage projects applications quickly.
Premium
August 27, 2025
American Clean Power Association’s MJ Shiao assesses the state of US PV manufacturing in the wake of recent policy developments.
Premium
August 14, 2025
SolMicroGrid has launched an Energy-as-a-Service (EaaS) partner program for project developers, engineering, procurement, and construction (EPC) companies and original equipment manufacturers (OEMs).
August 7, 2025
US-based floating solar (FPV) developer D3Energy is constructing a 6MW floating solar system in Monroeville – a village in Huron County, Ohio. 
July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
June 18, 2025
US solar tracker manufacturer Array Technologies has acquired APA Solar, a producer of foundations and fixed-tilt racking for solar projects.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines