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Northland enters the Polish offshore wind market

By: Tom Russell 29/01/2021 Northland Power

General Windfarms

Northland Power Inc. (Northland) announced today that it has entered into an agreement with PKN ORLEN S.A. (PKN ORLEN) to acquire a 49% interest in the Baltic Power offshore wind project in the with a total capacity of up to 1,200 MW of offshore wind generation.

Baltic Power is a mid-development stage project located approximately 23 kilometers offshore from Poland’s coast in the Baltic Sea. The project, which secured its location permit, signed its grid connection agreement as well as filed its environmental permit in 2020, allows Northland to capitalise on the growth in renewable energy demand in a growing Central European market.

Inclusive of the purchase price, Northland expects to invest approximately PLN 290 million (CAD $100 million) towards the Baltic Power development in 2021, of which, some of this amount represents development expenditures that will be spent throughout 2021.

The Northland and PKN ORLEN partnership (collectively, the Partnership) will co-develop the Baltic Power opportunity that is expected to secure a 25-year Contract for Difference (CfD) offtake agreement. Construction activities are scheduled to start in 2023 with commercial operations expected in 2026.

“Today's announcement reflects Northland's continued growth and leadership in renewable energy and strengthens our position as a global leader in offshore wind development,” said Mike Crawley, Northland’s President and Chief Executive Officer. “We are excited to partner with PKN ORLEN to expand our presence in Europe through the development of the Baltic Power offshore wind project, but more importantly, further contribute to the global decarbonization transition by helping Poland fulfill its renewable energy ambitions.”

Currently, Northland has controlling interests in three operational offshore wind facilities in the North Sea, Gemini, Nordsee One and Deutsche Bucht farms with a total combined gross capacity of approximately 1,200 MW (890 MW net to Northland). Once complete, Baltic Power will substantially increase Northland’s total gross offshore wind capacity in Europe up to approximately 2,400 MW (1,500 MW net).

Northland’s offshore wind portfolio also includes operating and development projects in Asia encompassing the 1,044 MW Hai Long, 1,000 MW Dado Ocean and 600 MW Chiba projects in Taiwan, South Korea and Japan respectively.

For more information on offshore wind farms worldwide, click here.

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Northland enters the Polish offshore wind market

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