Search results for: Northland

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  • 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 […]

  • 25 September 2018
    Operations & Maintenance, Wind Farm Update

    Canadian power company Northland Power Inc. has opened an offshore wind operations hub in Germany.

  • 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 […]

  • 12 July 2017
    Business & Finance

    Canadian energy company, Northland Power, has appointed Morten Melin an Executive Vice President, Construction effective August 1, 2017.

  • 10 January 2014

    Northland Power Inc. (“Northland”) announced the addition of Sean Durfy to its executive team as President and Chief Development Officer. Mr. Durfy has been a member of Northland’s Board of Directors and will assume his new role effective January 8, 2014. Sam Mantenuto, Northland’s current Chief Development Officer has been appointed Vice Chair and will […]

  • 1 August 2013
    Business & Finance

    Northland Power Inc. (“Northland”) announced it has entered into agreements for the rights to acquire a majority equity stake in Gemini, a 600MW offshore wind project currently in advanced development. Gemini is located 85 kilometres off the coast of the Netherlands in the North Sea, which combines one of the strongest and most reliable wind […]

  • 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. […]

  • 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 […]

  • 21 August 2017
    Business & Finance, Wind Farm Update

    Northland Power’s EUR 1.3 billion Deutsche Bucht (DeBu) project has reached financial close, with all of the equity contributed to the project and all debt required for the project now fully committed by the project lenders.

  • 10 August 2017
    Business & Finance, R&D, Technology, Wind Farm Update

    The developers of the  252MW DeBu offshore wind project are considering adding two more demonstration wind turbines to test the suction bucket foundation technology at the site in the German 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 17 June 2014
    Business & Finance, Wind Farm Update

    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 […]

  • 21 August 2017
    Business & Finance, Wind Farm Update

    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.

  • 13 April 2011

    Maori in Northland’s Kaipara District are planning protest action to stop a tidal power project in their harbour.   (radionz) [mappress] Source: radionz, April 13, 2011

  • 30 January 2014
    Business & Finance, Wind Farm Update

    Typhoon Offshore B.V. (“Typhoon Offshore”) announced it has entered into agreements with Northland Power Inc. (“Northland”) regarding the sale of Typhoon Offshore’s remaining 5% interest in Gemini, the 600MW offshore wind project currently in advanced development. This will top up Northland’s majority equity stake in Gemini to 60%. Gemini is to be located 85 kilometres […]

  • 17 November 2014
    Business & Finance

    Northland Power Inc. reported its financial results for the quarter ended September 30, 2014. Gross profit for the third quarter was up 11 percent totaling to CAD 110 million compared to the same period last year. For the 9 months period, gross profit CAD 347 million with an increase of 44 percent. “We are pleased […]

  • 25 February 2016
    Business & Finance

    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 […]

  • 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 […]

  • 28 April 2017
    Business & Finance, Operations & Maintenance, Wind Farm Update

    The 600MW Gemini offshore wind farm in the Dutch North Sea achieved full completion on Friday, April 28, ahead of schedule and under its total budget of EUR 2.8 billion, Northland Power, the wind farm’s majority owner, said.

  • 22 February 2019
    Wind Farm Update

    The 300MW Hai Long offshore wind farm has secured all approvals and permits and the next step will be executing the power purchase agreement with Taipower, Mike Crawley, President and Chief Executive Officer of Northland Power, said. The wind farm is one of three Hai Long projects with a combined capacity of 1,044MW that Northland Power […]

  • 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.

  • 17 March 2020
    R&D, Technology, Wind Farm Update

    Canada’s Northland Power has elected to permanently forego the installation of the Deutsche Bucht Mono Bucket Foundations Demonstrator Project. As reported earlier, the installation of the two turbines utilizing mono bucket foundations at the wind farm in the German North Sea was paused in the fourth quarter of 2019 following the identification of technical issues. […]