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Pattern Energy Group Inc. (PEGI), interview with Michael Garland, President and CEO

Posted
12/23/2013 3:27:00 PM
By: Nasdaq CEO Signature Series
Referenced Stocks:PEGI

Watch the CEO signature series interview, with Michael Garland, President and Chief Executive Officer of Pattern Energy Group.

ceo interview

 

Mr. Garland is a pioneer of the wind power industry, having financing his first wind project in the 1980s. Prior to joining Pattern, Mr. Garland was a partner of Babcock & Brown from 1986 to 2009, where he initiated and managed project finance activities, energy development and energy investment, and led Babcock & Brown’s North American Infrastructure Group. Prior to that, Mr. Garland worked for the State of California as Chief of Energy Assessments from 1975 to 1986.

About Pattern Energy Group Inc.
Pattern is a premium independent power company. We own and operate eight wind power projects in the United States, Canada and Chile that use proven, best-in-class technology and have a total owned capacity of 1,041 MW. These projects generate stable long-term cash flows in attractive markets that have strong growth potential. Each of our projects has contracted to sell all of its energy output, or a majority, on a long-term, fixed-price power sale agreement with a creditworthy counterparty. Ninety-five percent of the electricity to be generated by our projects will be sold under these power sale agreements, which have a weighted average remaining contract life of approximately 19 years.