Talen Energy and Pattern Energy to form PT Energy Transitions.

Talen Energy, an independent power producer, and Pattern Energy, an American company that develops, owns and operates utility scale wind and solar power facilities, agreed to form PT Energy Transitions, a joint venture to pursue the development, financing, construction and operation of approximately 1.4 Gigawatts of utility scale renewable energy projects over the next five years. Financial terms were not disclosed. The joint venture is expected to invest approximately $2bn of capital into the energy transition over the next five years, beginning with the Montour Solar project, which is one of the largest renewable investments in Pennsylvania.