January 8, 2026–Written by Eric Funderburk for IIR News (Sugar Land Texas)–Renewable energy and power transmission company Pattern Energy (San Francisco, California) has announced it will acquire independent renewables developer Cordelio Power (Toronto, Ontario). The deal includes Cordelio’s 16 operational and under-construction projects as well as a pipeline of other planned developments in key U.S. locations.
Both companies are linked to the Canada Pension Plan Investment Board (CPP Investments) (Toronto), which wholly owns Cordelio and is the majority shareholder of Pattern. According to CPP Investments, its ownership stake in Pattern will rise with the share-based acquisition of Cordelio.
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