Northland Acquires Offshore Wind Developer in South Korea

Wind Industry Profile of

Northland Power Inc. announces the signing of an agreement to acquire Dado Ocean Wind Farm Co., Ltd. , a development company with multiple early stage offshore wind development sites near Chodo Island, off the south coast of South Korea.

Dado Ocean is currently owned by Mr. Eui Jeong Hwang, an experienced wind power developer who will continue to support the project as a local partner, working together with Northland to achieve key milestones for the project. The acquisition is expected to close in the coming weeks, subject to customary closing conditions. The acquisition builds on Northland’s presence in Asia and specifically in South Korea. It is anticipated that South Korea’s installed capacity will more than double by 2050, with renewables accounting... ... More: Official Press Release Northland Power

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Northland, Dado Ocean, South Korea, developer, offshore, wind farm, wind power, local, capacity, Asia, investment