Samsung, Pattern Get $850 Million Canada Wind-Farm Loan

Samsung C&T Corp. (000830), Pattern Energy Group Inc. and Capital Power Corp. (CPX) started construction on a 270-megawatt wind farm in Canada after arranging $850 million in financing.

The K2 Wind Power Project near Goderich, in southern Ontario, will provide energy for about 100,000 homes, San Francisco-based Pattern said today in statement.

The construction loan from 15 financial companies will convert to long-term operational debt when the project is complete in the second half of 2015.

To contact the reporter on this story: Ehren Goossens in New York at

To contact the editors responsible for this story: Reed Landberg at Will Wade, Tina Davis

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.