Pattern Energy Group
Pattern Energy Group is a privately held North American developer and operator of utility-scale wind, solar, storage, and HVDC transmission infrastructure, selling electricity under long-term power purchase agreements to utilities, government entities, and corporate buyers across the US, Canada, and Mexico.
- Company typePrivate
- Founded2009
- HeadquartersSan Francisco, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Pattern Energy Group does
Pattern Energy Group LP is a privately held developer, owner, and operator of utility-scale renewable energy and transmission infrastructure across North America, headquartered in San Francisco with an Operations Control Center in Houston and regional offices in Albuquerque, San Diego, Toronto, Boulder, and Mexico City. The company was co-founded in 2009 by Hunter Armistead and Mike Garland, was publicly traded on NASDAQ from 2013 to 2020 under ticker PEGI, and returned to private ownership with CPP Investments (Canada Pension Plan Investment Board) as its largest institutional shareholder alongside APG Asset Management and Australian Retirement Trust. Pattern operates more than 40 renewable energy facilities totaling approximately 12,000 MW of operating and in-construction capacity, with a development pipeline of nearly 30 GW.
The company's flagship asset, the SunZia Wind and Transmission Project, achieved full commercial operation on June 18, 2026 after 18 years of development and is the largest renewable energy infrastructure project in U.S. history. It comprises the 3,650 MW SunZia Wind facility (916 turbines across central New Mexico using GE Vernova and Vestas equipment) and the 550-mile SunZia Transmission HVDC line using Hitachi Energy voltage source converter technology, capable of delivering up to 3,000 MW to Arizona and California. Pattern's portfolio also includes the Western Spirit Wind multi-site facility (Duran Mesa and Red Cloud) in New Mexico, the Solect Energy commercial solar subsidiary (over 185 MW across 900+ projects), and assets acquired through the April 2026 acquisition of Cordelio Power (1,550 MW of wind, solar, and storage across North America). Under development is the Southern Spirit Transmission project plus approximately 1,050 miles of additional high-voltage transmission targeted for construction within 2–3 years.
Pattern generates revenue exclusively through long-term power purchase agreements with utilities, municipal energy providers, government agencies, and corporate buyers. SunZia alone has 12 contracted offtakers including eight California government entities (Clean Power Alliance, Ava Community Energy, Central Coast Community Energy, CleanPowerSF, Riverside Public Utilities) plus the University of California and Los Angeles Department of Water and Power. The company structures project-level non-recourse debt to finance development — most notably an $11 billion facility led by Deutsche Bank for SunZia — and benefits from stable contracted cash flows under multi-decade PPAs. Distribution is direct (enterprise field sales) with no retail or intermediated channel, and the company employs between 501 and 1,000 staff across North America.
Pattern Energy Group firmographics
Firmographics- Name
- Pattern Energy Group
- Legal name
- Pattern Energy Group LP
- Website
- https://patternenergy.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Pattern Energy Group is a privately held North American developer and operator of utility-scale wind, solar, storage, and HVDC transmission infrastructure, selling electricity under long-term power purchase agreements to utilities, government entities, and corporate buyers across the US, Canada, and Mexico.
- Ownership category
- akta.pro rank
Pattern Energy Group industry classification
Industry- Product category
- Renewable Energy Generation and Transmission
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Other Electric Power Generation (221118), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Hybrid Wind Power Plants (Wind+Solar+Storage Co-located) (EUACAFAH)
- akta.pro secondary industries
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH), Structured Renewable Products (Blocks, Shaped, Baseload, Peak, Firming) (EUAGADAE), Cables, Connectors & Electrical BOS Components Manufacturing (MV/HV, Subsea, Harnesses) (EUAMAHAK)
Keywords
Where Pattern Energy Group is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Pattern Energy Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Sales through PPAs: Pattern Energy generates revenue through long-term power purchase agreements (PPAs) with utilities, governments, and corporate customers. The SunZia project has contracted offtakers including California governments and community energy providers.
- Clean Energy Asset Operations: Operating and maintaining renewable energy facilities (wind, solar, transmission, storage) to generate reliable power and revenue under long-term contracts.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Pattern Energy Group product offering
Product offeringCore offering
Pattern Energy is a privately held independent power producer that develops, owns, and operates large-scale renewable energy generation and transmission infrastructure across North America, including wind farms, solar facilities, energy storage, and high-voltage direct current (HVDC) transmission lines. The company sells the electricity produced by these assets to utilities, government entities, and corporate buyers under long-term power purchase agreements (PPAs).
Product overview
Pattern Energy Group is a privately held developer and operator of clean energy and transmission infrastructure across North America. Its portfolio includes wind generation facilities (such as the SunZia Wind project at ~3,650 MW, Western Spirit Wind, and numerous others), solar projects (through its Solect Energy subsidiary), and high-voltage transmission lines (notably the SunZia HVDC Transmission line at 550 miles, and the planned Southern Spirit Transmission). Following the April 2026 acquisition of Cordelio Power, the company added approximately 1,550 MW of wind, solar, and storage assets plus a U.S. development pipeline. With over 40 operating facilities totaling ~12 GW of installed capacity and a development pipeline of ~30 GW, the company operates its portfolio from an Operations Control Center in Houston, with offices in Albuquerque, San Diego, Toronto, Boulder, and Mexico City.
Differentiator
Problem solved
Functional benefit
Products and services
- SunZia Wind The largest onshore wind farm in the United States, comprising approximately 3,650 MW of generating capacity across 916 turbines spread across three counties in central New Mexico. It forms the generation half of the integrated SunZia project, selling electricity under long-term PPAs to utilities and government entities including California municipalities and the University of California.
- SunZia Transmission A 550-mile high-voltage direct current (HVDC) transmission line carrying up to 3,000 MW of wind-generated electricity from central New Mexico to Arizona and across the western U.S. grid. It uses Hitachi Energy's HVDC Light voltage source converter technology and is the largest VSC-based HVDC installation in the United States.
- Pattern Energy Operating Portfolio The aggregate operating portfolio of more than 40 renewable energy facilities across North America, including wind farms, solar farms, energy storage projects, and transmission lines, totaling approximately 12 GW of installed capacity with a development pipeline of nearly 30 GW. Power from the portfolio is sold to utilities, government entities, and corporate buyers under long-term contracts.
- Western Spirit Wind A multi-site wind generation facility in New Mexico comprising the Duran Mesa and Red Cloud wind farms, supplying renewable energy under long-term contracts including supply to the Los Angeles Department of Water and Power for the Red Cloud Wind Project.
- Solect Energy Pattern Energy's wholly owned commercial solar subsidiary headquartered in Hopkinton, Massachusetts, providing engineering, development, and installation of commercial solar projects with more than 185 MW delivered across over 900 projects.
- Cordelio Power Portfolio Independent power producer portfolio acquired in April 2026, comprising approximately 1,550 MW of operating and in-construction wind, solar, and energy storage facilities across the United States and Canada, plus a development pipeline in key U.S. target markets.
- Southern Spirit Transmission A planned high-voltage transmission project under development as part of Pattern Energy's pipeline of approximately 1,050 miles of new transmission lines intended to commence construction over the next two to three years.
Quantifiable outcome
- 3,650 MW capacity - largest wind farm in Western Hemisphere
- +6 more outcomes
Companies that use Pattern Energy Group
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles2 records
Pattern Energy Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Pattern Energy Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and major.
- Cordelio PowercorePattern Energy completed acquisition of Cordelio Power, adding approximately 1,550 MW of operating and in-construction wind, solar, and storage projects across the US and Canada. The acquisition includes 16 projects plus a development pipeline and experienced team, expanding Pattern's clean energy platform in North America.
- Hitachi EnergycoreHitachi Energy provided HVDC Light voltage source converter technology for SunZia transmission line - the largest VSC-based HVDC installation in the US.
- GE VernovacoreSupplied 674 wind turbines for SunZia Wind project; GE Vernova is the technology provider for the wind generation portion of the project.
- VestascoreCompleted installation of 242 wind turbines at SunZia project; Vestas is a key turbine supplier and construction partner.
- Blattner EnergycoreConstruction contractor for SunZia Wind; provided over 2,000 construction workers and trade partners for the project.
- Quanta Services Inc.majorInfrastructure services provider contributing to SunZia project delivery through operating companies.
- California Independent System Operator (CAISO)majorGrid operator supporting SunZia's integration into California grid; CAISO president highlighted project's importance for grid reliability.
- Clean Power InstitutemajorNational nonprofit focused on clean energy workforce development; partnership with Pattern Energy to create micro-credential program for entry-level wind technicians in New Mexico.
- New Mexico Renewable Energy Transmission Authority (RETA)majorState authority supporting renewable energy development in New Mexico; RETA chairman acknowledged SunZia as significant energy infrastructure investment.
Scale indicators12 records
Recent moves7 records
Expansion highlights8 records
Pattern Energy Group competitors and assessment
Company assessmentDirect peers
- NextEra Energy Resources: Subsidiary of NextEra Energy and the largest operator of wind and solar generation in North America. Closest pure-play peer to Pattern as a developer, owner, and operator of utility-scale renewables under long-term PPAs.
- Invenergy: Privately held U.S. renewable energy IPP and transmission developer with wind, solar, and storage across North America. Highly comparable private-model platform competing with Pattern for utility-scale PPA opportunities.
- Apex Clean Energy: U.S.-focused independent wind and transmission developer operating utility-scale wind farms under long-term PPAs. Comparable as a private renewable IPP with development-to-operations capability.
- EDF Renewables: North American subsidiary of EDF developing, owning, and operating wind, solar, and storage projects under PPAs. Direct competitor in the same utility-scale renewable space.
- Clearway Energy: U.S. renewables-focused yieldco that owns and operates wind, solar, and storage assets contracted under long-term PPAs. Direct peer as a contracted-cash-flow renewable IPP.
- Lightsource bp: Global utility-scale solar developer and operator with a growing U.S. development pipeline and owned asset base. Comparable as a focused renewables IPP with project development-to-operations model.
Broad incumbents
- Engie: Global utility and IPP with a large North American renewables portfolio. Competes in the same utility-scale wind/solar market but as part of a much broader global energy portfolio.
- RWE Renewables: German-headquartered global renewables IPP with significant U.S. wind and solar operations. Overlaps with Pattern in utility-scale North American renewable development and PPAs.
Emerging players
- Avantus: U.S. solar and storage developer with a sizeable development pipeline. Competes with Pattern for utility-scale solar/storage PPA opportunities, particularly in the western U.S.
- Longroad Energy: U.S. renewable energy developer, owner, and operator focused on wind, solar, and storage. Smaller-scale peer with overlapping PPA-driven business model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Pattern Energy Group social profiles
Digital presencePattern Energy Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pattern Energy Group leadership team
Management profileNumber of profiles
Profiles10 records
Pattern Energy Group subsidiaries and ownership
Company hierarchySubsidiaries2 records
Pattern Energy Group funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pattern Energy Group M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pattern Energy Group
What does Pattern Energy Group do?
Pattern Energy is a privately held independent power producer that develops, owns, and operates large-scale renewable energy generation and transmission infrastructure across North America, including wind farms, solar facilities, energy storage, and high-voltage direct current (HVDC) transmission lines. The company sells the electricity produced by these assets to utilities, government entities, and corporate buyers under long-term power purchase agreements (PPAs).
Is Pattern Energy Group a public or private company?
Pattern Energy Group is a private company. It is classified as private equity controlled and is currently operating.
When was Pattern Energy Group founded?
Pattern Energy Group was founded in 2009. It employs 501 to 1,000 people.
Where is Pattern Energy Group based?
Pattern Energy Group is headquartered in San Francisco, United States, in the North America region.
How does Pattern Energy Group make money?
Two revenue lines are on record. Power Sales through PPAs are the primary driver. The others are clean Energy Asset Operations.
Who are Pattern Energy Group's main competitors?
Direct peers on record are NextEra Energy Resources, Invenergy, Apex Clean Energy, EDF Renewables, Clearway Energy and Lightsource bp. Broad incumbents are Engie and RWE Renewables. Emerging players are Avantus and Longroad Energy.
Does Pattern Energy Group have an API?
No public API is recorded for Pattern Energy Group.
What industry is Pattern Energy Group in?
Pattern Energy Group's product category is Renewable Energy Generation and Transmission. Its primary akta.pro industry code is EUACAFAH, Hybrid Wind Power Plants (Wind+Solar+Storage Co-located), with a secondary code of EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro). Its NAICS code is 221115 and its SIC code is 4991.