Deutsche Bucht Offshore Wind Farm sold completely to Canadian Northland Power

Pursuant to the agreement to purchase that was announced on March 3, 2017, Northland Power Inc. today announced that it 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.

The 252 MW Deutsche Bucht project ("DeBu") is Northland's third offshore wind project. It will be located 95 km northwest of the island of Borkum in the German Exclusive Economic Zone. The total estimated project cost is approximately EUR1.3 billion (approximately CAD $1.9 billion). Northland expects to invest approximately $400 million of corporate funds, sourced from cash on hand and corporate liquidity. The balance of the project cost will be funded with... ... More: Official Press Release Northland Power

Keywords:

Northland Power, DeBu, offshore, Germany, Canada