Over the next five years, Northland Power could invest between at least CAD 15 billion and CAD 20 billion (between EUR 9.8 billion and EUR 13 billion) in new offshore wind projects in which it holds ownership shares, with offshore wind being an anchor for its next phase of growth in the renewable en
The Newfoundland and Labrador Environmental Industry Association (NEIA) is leading an international business development mission to the UK to help businesses from Atlantic Canada explore opportunities in the offshore wind industry. NEIA’s virtual mission is taking a geographic approach over the cour
The Business Network for Offshore Wind and Marine Renewables Canada have entered into an affiliation agreement to share knowledge and support the development of offshore wind. The aim of the agreement is to demonstrate the commitment to ensuring Canadian and U.S. industry and suppliers receive incre
Canada Pension Plan Investment Board (CPP Investments) will pay approximately EUR 80 million for its recently bought stake in Éolien Maritime France (EMF) from Enbridge. The Canadian company, through its fully owned subsidiary CPP Investment Board Europe, has acquired 49 per cent of Enbridge’s 50 pe
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
Canadian energy infrastructure company Enbridge Inc. has reported an adjusted EBITDA of CAD 119 million (EUR 82.9 million) at its Renewable Power Generation division in the last quarter of 2019, CAD 21 million more than in the same period a year earlier. The increase was attributed to contributions
Canada Pension Plan Investment Board (CPP Investments) has completed a EUR 510.6 million green bond refinancing of its minority interest in the Hohe See and Albatros offshore wind farms in Germany. In total, over EUR 510 million of senior secured notes were issued on Tuesday, 11 February and placed
NaiKun Wind Energy Group has signed an indicative offer with an offshore wind developer to develop the NaiKun offshore wind project in British Columbia, Canada. The parties are working to negotiate and sign a definitive agreement in the next few weeks, which will provide technical expertise, dedicat
Canada Pension Plan Investment Board (CPPIB) has issued its first Euro-denominated Green Bond. The sale of EUR 1 billion in 10-year fixed-rate notes will enable CPPIB to invest further in eligible assets such as renewables, water, and real estate projects, as well as diversify the fund’s investor ba
