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Pattern Energy Group LP is an American company that develops, owns and operates utility scale wind and solar power facilities in the United States, Canada, and Mexico. It is headquartered in San Francisco, California with an operations center in Houston, Texas .
Michigan's requirement for 10 percent renewable energy by 2015 has led to increased alternative development in the state since this law was passed in 2008. A ballot initiative requiring 25% by 2025 failed in 2012. [5] The development of alternative energy sources has stimulated new businesses and employment.
In 2005, the company (then called Zilkha Renewable Energy, and owned by Selim Zilkha and Michael Zilkha) was purchased by investment bank Goldman Sachs for an undisclosed sum and renamed Horizon Wind Energy. In 2007, the company was acquired by Energias de Portugal for $2.15 billion [1] and later renamed EDP Renewables North America. [2]
Consumers Energy announced a new 700 MW plant to be built near Flint beginning about 2015, [22] while the city of Holland replaced its coal plant with a 114 MW natural gas plant. [23] In April 2018, DTE received permission for a 1,100 MW natural gas plant to replace a coal plant in St. Clair.
Here's an in-depth look at the biggest companies that have significant exposure to the renewable energy sector.
In January 2002, Green Mountain began serving the Texas market and was the first to offer alternative energy in the state. [3] In August 2009 Green Mountain Energy expanded to New York City, serving those in the Con Edison service territory. [4] In November 2010 Green Mountain Energy was acquired by NRG Energy for $350 million. [1]
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