Subsequent Events |
9 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On November 4, 2016, the Company declared an increased dividend for the fourth quarter, payable on January 31, 2017, to holders of record on December 30, 2016, in the amount of $0.408 per Class A share, or $1.632 on an annualized basis. This is 2.0% increase from the third quarter of 2016. On October 17, 2016, the Company acquired from Pattern Development a 50% limited partnership interest in SP Armow Wind Ontario LP (the Armow Project Company), as well as 100% of the issued and outstanding shares in the capital of Pattern Armow GP Holdings Inc. for consideration of approximately $133.0 million, plus accrued estimated proportionate debt of approximately $197.1 million U.S. dollar equivalent. The Armow Project Company operates the approximately 179 MW wind farm located in the Municipality of Kincardine in Bruce County, Ontario, Canada which achieved commercial operation in December 2015. The purchase price was funded through a draw under the Revolving Credit Facility and available cash. |