Northland Power Continues Business Operations Despite COVID-19 Pandemic

The company explains that the situation is very fluid and they will continue to monitor events and listen to local governments. Despite the challenging environment that has resulted from the COVID-19 outbreak, Northland remains in strong financial shape and the company is taking advantage of its financial position and of the opportunities in the marketplace to further enhance its pipeline of growth projects.

Northland has acquired the Dado Ocean Wind Project in South Korea. The project is in early stage development and includes multiple development sites located 35km off the southern coast of the Korean Peninsula. Since announcing the acquisition in late February, the company has identified additional early stage development sites in the proximity of the original sites, that could provide the opportunity to increase the development capacity to approximately 1 gigawatts of offshore wind. These opportunities will be developed together over the coming years.

Northland has also acquired the NaiKun Offshore Wind Farm from NaiKun Wind Energy Group Inc. The Project is located in the Hecate Straight off the coast of British Columbia, Canada and is in early stages of development.

Upon successful completion of the acquisition, the Naikun Group will no longer be involved with the development and operations of the Project and Northland will be responsible for all aspects of the project moving forward. Northland will work closely with the Haida Nation to explore the Project details and potential involvement in the Project.

“Northland can apply both its global offshore wind experience and long track record developing Canadian power projects to this Project,” said Mike Crawley, President and Chief Executive Officer of Northland Power. “However, before anything else happens we will be reaching out to the Haida Nation to discuss the Project and how it could potentially move forward.”

The addition of these projects will bolster Northland’s extensive offshore wind portfolio, which encompasses over 1.2 GW of operating offshore wind in the North Sea, and additional development projects in Taiwan and Japan.