pattern energy was incorporated in october 2012 and completed its initial public offering (ipo) in october 2013, with simultaneous listings on the nasdaq stock market and the toronto stock exchange. the company used the proceeds of its ipo to acquire operating assets from its sibling company, pattern energy group lp, also known as pattern development. the company's initial owned capacity of 1,041 mw consisted of six operating projects and two projects that were then under construction. the initial slate of facilities included the following: