Deutsche Bucht Offshore Wind Farm Sold to Northland Power

Northland Power Inc. and Highland Group Holdings Ltd., through a wholly owned subsidiary, have signed a definitive agreement whereby Northland will acquire 100% of Deutsche Bucht, a 252 MW offshore wind project currently in advanced development.

Deutsche Bucht, or "DeBu," is Northland's third offshore wind project. It is located 95 km northwest of the island of Borkum in the German Exclusive Economic Zone, 77 km from Northland's other German offshore wind project, Nordsee One. The total estimated project cost is approximately EUR 1.2 billion (approximately CAD $1.8 billion), and once operational, it is expected to generate over 1,000 gigawatt hours of electricity per year. Northland expects to invest approximately $400 million of corporate funds with... ... More: Official Press Release Northland Power

Keywords:

Northland, Germany, offshore, Deutsche Bucht, wind farm