Northland Power acquires Spanish Onshore Portfolio

Wind Industry Profile of

Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today confirms the successful completion of its previously announced acquisition of a Spanish operating portfolio of onshore renewable projects (the “Portfolio”), from Helia Renovables, F.C.R., a fund sponsored by Plenium Partners and Bankinter.

The Portfolio has a total combined net capacity of 551 megawatts (MW), including the acquisition of minority interests not included in the initial announced transaction. The Portfolio includes 33 operating assets comprised of onshore wind (435 MW), solar PV (66 MW), and concentrated solar (50 MW) located throughout Spain. Total cash consideration paid for the acquisition was €348 million (C$522 million) together with the assumption of debt in the amount of €716... ... More: Official Press Release Northland Power

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Northland Power, Spain, Canada, Helia Renovables, portfolio, wind, onshore, solar, acquisition, renewable energy, developer