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Northland Power has reported CAD 1.4 billion in gross profit in 2018, a 17% increase, said to be primarily due to all turbines of the Nordsee One offshore wind farm producing power and higher wholesale market prices at the Gemini project. The two wind farms, as well as thermal projects Thorold and North Battleford, brought Northland […]
Canada-based Northland Power has signed a Memorandum of Understanding with South Korean KEPCO E&C to jointly work on supporting the development of the offshore wind industry in Korea.
Northland Power reported CAD 192.6 million in offshore wind sales in the second quarter of 2018, a CAD 31.9 million increase compared to the same period last year, mostly due to all turbines at the 332MW Nordsee One project producing power.
The Netherlands-based BLIX Consultancy BV has revealed its role in the Taiwan offshore wind tender after Northland Power was announced as one of the winners.
Canadian power company Northland Power reported CAD 178 million net income in the first quarter of 2018, a 78% increase compared to the same quarter last year primarily due to higher operating income from the Gemini and the Nordsee One offshore wind farms.
Northland Power has reported improved financial results for the fiscal year 2017, largely due to contributions from the Gemini and Nordsee One offshore wind farms.
Northland Power and and Yushan Energy, a wholly-owned subsidiary of Enterprize Energy, plan to develop 1,200MW of offshore wind projects in Taiwan.
Canadian energy company Northland Power has signed a definitive agreement to acquire 100% of Deutsche Bucht, a 252MW wind project in the German North Sea. The agreement was signed between Northland Power and a wholly-owned subsidiary of Highland Group Holdings. Deutsche Bucht, or DeBu, is Northland’s third offshore wind project following the 600MW Gemini wind farm in the […]
Canadian energy company Northland Power will not be submitting a bid to develop an offshore wind project off Kitty Hawk, North Carolina this March.
Singapore-based upstream energy company Enterprize Energy and Canada’s Northland Power Inc. have launched an inaugural offshore wind farm project in the Taiwan Strait, the Hai Long offshore wind farm project. Hai Long is a joint venture between Yushan Energy, the wholly owned operating subsidiary of Enterprize Energy, and Northland Power, owning 40% and 60% of the […]
Northland Power Inc. has closed its offering of USD 231,000,000 in public shares. The company has also announced the concurrent closing, on a private placement basis, of the previously announced issuance of 3,125,000 Common Shares representing USD 50,000,000 of gross proceeds to a subsidiary of Northland Power Holdings Inc., a company controlled by Mr. James C. Temerty, at the […]
Northland Power Inc. has closed $150 million of convertible unsecured subordinated debentures. The company intends to use the the money to fund a portion of its investments in the 332 megawatt (282 megawatt net to Northland) offshore wind development project located approximately 40 kilometers north of Juist Island in German territorial waters in the North Sea (“Nordsee […]
Northland Power Inc., (“Northland”) Toronto, and RWE Innogy GmbH, Essen, have signed an agreement for Northland to acquire an 85% equity stake in three offshore wind projects, consisting of Nordsee One, a 332 megawatt (MW) project currently in advanced development, as well as Nordsee Two and Nordsee Three, which are in early stages of development. […]
Northland Power has issued its results for the second quarter of 2014, stating that the company achieves strong results while continuing to expand portfolio of operating assets. Northland’s consolidated sales, adjusted EBITDA and operating income for the three months ending June 30, 2014 were significantly higher than the same period of 2013. Second Quarter Highlights: 63% […]
Export Development Canada (EDC) today announced financing of EUR 125 million for Toronto-based clean energy company Northland Power, the largest loan EDC has ever provided in the wind power sector. The financing will be used by Northland to purchase a 60 per cent ownership stake in Project Gemini, a 600 MW offshore wind farm in […]
Northland Power Inc. has decided to raise money for the investment in the Gemini offshore wind project by offering its shares to the public in Canada. The company announced yesterday that it has entered into an agreement with a syndicate of underwriters led by CIBC and BMO Capital Markets to issue to the public in […]
Canada’s energy company Northland Power has reported CAD 93.3 million (EUR 62 million) net income for the third quarter of 2018, a 194% increase compared to CAD 31.7 million net income in the same period last year, attributed mostly to higher production at the Nordsee One offshore wind farm in Germany and higher production and wholesale market prices at the Gemini offshore wind farm in the Netherlands.
Canadian power company Northland Power Inc. has opened an offshore wind operations hub in Germany.
Canadian Northland Power and Taiwan’s Yushan Energy, the developers of the 300MW Hai Long 2 offshore wind farm in Taiwan that received an approval for its share of the grid capacity on 30 April, are currently working on the selection of the turbine supplier and negotiating construction contracts for the project.
MHI Vestas Offshore Wind received a firm and unconditional order for the Deutsche Bucht (DeBu) wind farm from Northland Power Inc. last Friday, when the Canadian company announced that the EUR 1.3 billion offshore wind project had reached financial close.
Canada’s Northland Power Inc. has completed the acquisition of 100% of the shares of British Wind Energy GmbH, which owns the Deutsche Bucht offshore wind project, from Highland Group Holdings Ltd.
Canadian energy company, Northland Power, has appointed Morten Melin an Executive Vice President, Construction effective August 1, 2017.
The 332MW Nordsee One offshore wind farm has started delivering power to the German grid, Nordsee One GmbH, the owner and developer of the project, reports.
Canadian company Northland Power said that, excluding investment income from the subordinated debt, its management expects Gemini and Nordsee One offshore wind farms to generate an adjusted EBITDA of EUR 170-190 million and EUR 160-180 million, respectively, once the two wind farms are fully operational in 2018. The amounts are reflecting Northland’s equity interest in the offshore […]
Canadia firm Northland Power has reported a net profit of CAD 109.7 million for the first half of 2015 comparing to the net loss of CAD 63.3 million last year. Gros profit was up 3%, reaching CAD 244.4 million. “After an extremely busy first quarter, our second quarter activity focused on continued execution of our […]
Northland Power Inc., an international producer of wind, solar, and thermal power in business for over 25 years, was named Business of the Year by the Netherlands-Canadian Chamber of Commerce at its annual luncheon in the Hague on November 12, 2014. The award recognizes companies who have advanced the relationship between Canada and the Netherlands. […]