Search results for: Northland Power

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  • 10 May 2018
    Business & Finance, Wind Farm Update

    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.

  • 22 February 2019
    Business & Finance

    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 […]

  • 31 March 2020
    Business & Finance

    Northland Power has identified additional offshore wind development sites in the proximity of Dado Ocean’s original sites in South Korea, which could increase the development capacity to approximately 1GW. These early-stage development sites will be developed together over the coming years, Northland Power stated. The company has also closed the previously announced acquisition of Dado […]

  • 6 August 2014
    Business & Finance

    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% […]

  • 4 September 2014

    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. […]

  • 25 February 2020
    Business & Finance

    Canadian energy company Northland Power has signed an agreement to acquire the South Korean offshore wind developer Dado Ocean Wind Farm. Dado Ocean has multiple early-stage offshore wind development sites in Chodo-ri and Sonjuk-ri of Yeosu City, 35 kilometres off the southern coast of the Korean Peninsula, and together these projects will be developed over […]

  • 30 March 2020
    Business & Finance, Wind Farm Update

    Canadian energy company Northland Power has agreed to buy the NaiKun offshore wind farm project from compatriot NaiKun Wind Energy Group. The NaiKun offshore wind farm is located in the Hecate Strait between Haida Gwaii and Prince Rupert on the British Columbia mainland. The project is in the early stages of development. Upon successful completion […]

  • 20 May 2019
    Wind Farm Update

    The Northland Power team is gearing up for the beginning of the turbine installation campaign at the Deutsche Bucht offshore wind farm. According to the company, the team is working to quickly assemble the towers for the MHI Vestas 8.4MW turbines, with the loadout expected to start shortly at the Port of Esbjerg. Global Wind […]

  • 9 August 2018
    Business & Finance

    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.

  • 10 August 2017
    Wind Farm Update

    MPI Offshore’s wind turbine installation vessel MPI Enterprise has installed 44 out of 54 Senvion 6.2M126 wind turbines at the 332MW Nordsee One offshore wind farm in the German North Sea, Canada’s Northland Power reports.

  • 26 June 2018

    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.

  • 6 March 2015
    Business & Finance, Wind Farm Update

    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 […]

  • 29 September 2017
    Wind Farm Update

    Northland Power has awarded K2 Management with a lump sum service agreement involving full scope construction management on the 252MW Deutsche Bucht (DeBu) offshore wind farm in the German sector of the North Sea. 

  • 18 November 2019
    Business & Finance

    Northland Power and Shizen Energy have signed an agreement to collaborate on offshore wind development opportunities in Chiba Prefecture, Japan. The partners will establish a 50:50 joint venture named Chiba Offshore Wind Inc., which will serve as the development vehicle for early-stage offshore wind opportunities. According to the companies, the joint venture is pursuing projects that […]

  • 1 April 2020
    Wind Farm Update

    The 252MW Deutsche Bucht offshore wind farm located in the German North Sea has achieved full project completion. Final completion marks the official end of construction and the start of the operational phase of the project. According to Northland Power, this also signifies that the terms required to satisfy the project lenders for term conversion […]

  • 22 November 2018
    Business & Finance, Contracts & Tenders

    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.

  • 3 March 2017
    Authorities, Business & Finance, Wind Farm Update

    Canadian energy company Northland Power will not be submitting a bid to develop an offshore wind project off Kitty Hawk, North Carolina this March.

  • 30 April 2019
    Grid Connection, Wind Farm Update

    Van Oord and Norddeutsche Seekabelwerke (NSW) have begun the inter-array cable work for the Deutsche Bucht offshore wind farm in Germany. According to project developer Northland Power, NSW is loading out the cables at its facility in Nordenham, Germany, with cable laying, the next construction phase, also currently in motion by Van Oord’s vessel Nexus. In […]

  • 28 May 2019
    Wind Farm Update

    Van Oord has completed the laying of inter-array cables at the 269MW Deutsche Bucht offshore wind farm in the German North Sea ahead of schedule, Northland Power, the owner and developer of the project, said. The cables were laid by Van Oord’s cable laying vessel Nexus. The cable burial at the site some 95 kilometres northwest of […]

  • 6 March 2017
    Business & Finance, Wind Farm Update

    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 […]

  • 27 November 2019
    Wind Farm Update

    The installation of the first of two mono bucket foundations at the Deutsche Bucht offshore wind farm has been paused due to a technical issue and for further evaluation, according to Northland Power. Northland Power has emphasized that the pause does not impact the 31 turbines on monopile foundations since the mono bucket installations are […]

  • 26 February 2019
    Contracts & Tenders, Wind Farm Update

    Canada’s Northland Power has, through its subsidiary, executed a power purchase agreement (PPA) with Taipower for the 300MW Hai Long 2A offshore wind project in Taiwan. Northland and its partner Yushan Energy own 60% and 40% of Hai Long 2A, respectively. Hai Long 2A is the first of the three Hai Long projects with a […]

  • 25 February 2014
    Business & Finance, Wind Farm Update

    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 […]

  • 19 July 2018
    Business & Finance, Operations & Maintenance, Technology, Wind Farm Update

    The Deutsche Bucht Mono Bucket pilot demonstrator project has reached financial close, Northland Deutsche Bucht GmbH said.

  • 15 November 2019
    Wind Farm Update

    Jack-up vessel Seajacks Scylla is on her way to the Deutsche Bucht offshore wind farm carrying the first of the two mono bucket foundations to be installed in the German North Sea. Seajacks Scylla loaded the first mono bucket at Bladt Industries’ facility in Lindø, Denmark, Northland Power said. The vessel is also carrying the […]

  • 21 August 2017
    Wind Farm Update

    Van Oord has won the Balance of Plant (BOP) contract at Northland Power’s 252MW Deutsche Bucht offshore wind farm after it reached its financial close, the company announced on 19 August.