Page 21 - Pattern Energy Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article Share this article ALBUQUERQUE, N.M., May 24, 2021 /PRNewswire/ -- Pattern Energy Group LP (Pattern Energy) and international energy company Uniper today announced they have signed a 15-year power purchase agreement for up to 219,000 MWh per year of wind energy in New Mexico, enough to power more than 20,000 homes annually. The power will be delivered from Pattern Energy's 1,050 MW Western Spirit Wind project, which is currently under construction in New Mexico and represents the largest single-phase renewable power build out in U.S. history. Western Spirit Wind is expecte...

To embed, copy and paste the code into your website or blog: On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Investment Board (“Canada Pension”).  The transaction was narrowly approved by 52% of the Pattern Energy stockholders on March 10, 2020, with both ISS and Glass Lewis recommending ...

Advertisement Corwin Cleansing Denied Again: Delaware Court of Chancery Green Lights Claims Alleging Loyalty Breaches Tainting Company Sales Process in In re Pattern Energy Group Inc. Stockholders Litigation Tuesday, May 18, 2021 On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in  In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Inves...

Delegating Preparation of Proxy Statement to Management was an Unexculpated Act of Bad Faith By May 8, 2021 In Re Pattern Energy Group Inc. Stockholders Litigation involved an M&A transaction where the sales process of Pattern Energy Group Inc. was run by an undisputedly disinterested and independent special committee that recognized and nominally managed conflicts, proceeded with advice from an unconflicted banker and counsel, and conducted a lengthy process attracting numerous suitors that the special committee pressed for value.  The foregoing positive attributes were offset by selec...

(Gina Ferazzi / Los Angeles Times via Getty Images) Renewable energy companies are deploying a former aide to President Joe Biden to lobby the White House on the specifics of its proposed $2 trillion infrastructure package that would provide huge windfalls for the industry.  Christopher Putala, a former Biden staffer on the Senate Judiciary Committee from 1989 to 1998, more than doubled his client list and lobbying revenue under the new president. Putala’s one-man lobbying firm raked in $770,000 in the first three months of 2021, up from $310,000 during the same period last year. That firs...