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

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March 24 (Bloomberg) -- Samsung C&T Corp., Pattern Energy Group Inc. and Capital Power Corp. 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 egoossens1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Tina Davis

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