Northland Power

Oceanic Wind Announces Return of Project Development Rights

Retrieved on: 
Monday, November 13, 2023
BC Hydro, TSX Venture Exchange, Climate change, Policy, Oceanic, First Nations, Climate, Acceleration, Government, Civilization: Call to Power, Wind, Statement, Farm, Housing, Electricity, News, Transport, Renewable energy, Hecate Strait, Northland Power

VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Oceanic Wind Energy Inc. (TSXV-NEX:NKW.H) (“Oceanic” or “Company”) today announces that under the terms of the agreements with Northland Power, which closed on September 1, 2020, Oceanic has successfully negotiated the return of the development rights of the Hecate Strait project.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Oceanic Wind Energy Inc. (TSXV-NEX:NKW.H) (“Oceanic” or “Company”) today announces that under the terms of the agreements with Northland Power, which closed on September 1, 2020, Oceanic has successfully negotiated the return of the development rights of the Hecate Strait project.
  • Oceanic today signed agreements with two of Northland Power Inc. wholly owned subsidiaries that place Oceanic in the lead role in project development.
  • This will only happen through an acceleration of renewable energy and primarily by speeding up the development and construction of wind farms.
  • Oceanic plans to immediately begin discussions with a large international company who is renowned for its development, construction, and operation of large offshore wind projects around the world.

Energy Storage Canada Recognizes Industry Leaders & Innovators in Second Annual Awards Ceremony

Retrieved on: 
Wednesday, October 4, 2023
Business development, Partnership, Education, Policy, Capstone Infrastructure, Collaboration, Business, Research, Energy storage, Map, DEI, Growth, ESC, Conference, NWA, Northland Power, Cryptocurrency, Renewable energy

TORONTO, Oct. 4, 2023 /CNW/ - Last evening, Energy Storage Canada (ESC) recognized six leaders and innovators in the industry as part of their second annual Energy Storage Canada Awards.

Key Points: 
  • TORONTO, Oct. 4, 2023 /CNW/ - Last evening, Energy Storage Canada (ESC) recognized six leaders and innovators in the industry as part of their second annual Energy Storage Canada Awards.
  • The first award given recognized the contributions of Ontario's Minister of Energy, the Honourable Todd Smith, to the energy storage industry, presenting him with the 2023 Friend of Energy Storage Award.
  • "His leadership in launching one of the largest energy storage procurements in North America has put the Canadian energy storage sector on the map."
  • Hosted as part of Energy Storage Canada's annual conference, the Energy Storage Canada Awards aim to recognize and celebrate leadership and ingenuity within the sector year to year as energy storage continues to charge Canada's path to a net zero future.

Northland Power Announces Signing of Credit Agreement for $5.2 Billion Project Financing at Baltic Power Offshore Wind Project

Retrieved on: 
Tuesday, September 19, 2023
Maintenance, Export credit agency, Ratio, Baltic Sea, Polish government-in-exile, Wind, EBITDA, CFD, NPI, Power, TSX, Northland Power, Adjustment, Free cash flow, Renewable energy, Commercial property, Cryptocurrency, Baltic

TORONTO, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) along with its partner, Orlen S.A. (“Orlen”), today announced that its Baltic Power offshore wind project (“Baltic Power” or the “project”) in Poland has signed a credit agreement to secure an equivalent of $5.2 billion of non-recourse green financing that adheres to Northland’s green financing framework covering construction and a 20-year term.

Key Points: 
  • Baltic Power is a 1.1 gigawatt (GW) offshore wind project being developed as a joint venture between Northland Power (49 per cent) and Orlen S.A. (51 per cent).
  • The project is Northland’s fourth in Europe within its growing offshore wind portfolio, with long tenor and high credit quality offtake agreements.
  • Baltic Power will nearly double the company’s gross installed offshore wind capacity from 1.2 GW to 2.3 GW.
  • TORONTO, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) along with its partner, Orlen S.A. (“Orlen”), today announced that its Baltic Power offshore wind project (“Baltic Power” or the “project”) in Poland has signed a credit agreement to secure an equivalent of $5.2 billion of non-recourse green financing that adheres to Northland’s green financing framework covering construction and a 20-year term.

Minister Wilkinson Launches Canada Electricity Advisory Council to Help Build Canada's Clean Electricity Future

Retrieved on: 
Friday, May 5, 2023
Hydrogen, Government of Quebec, Electricity Council, Electricity, Natural Resources Canada, Canada Infrastructure Bank, Policy, Government, Nature, Climate change, Volkswagen, Investment, Council, Natural Resources, Electrification, Government of Canada, Growth, SaskPower, Federation, Climate, Knowledge, Northland Power, Renewable energy

Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, launched the Canada Electricity Advisory Council, an independent body of 19 experts who will provide the Government of Canada with advice on actions needed to achieve our 2035 and 2050 net-zero emissions goals as they pertain to electricity.

Key Points: 
  • Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, launched the Canada Electricity Advisory Council, an independent body of 19 experts who will provide the Government of Canada with advice on actions needed to achieve our 2035 and 2050 net-zero emissions goals as they pertain to electricity.
  • The Electricity Council will provide advice to the Minister of Natural Resources that could help shape the significant electricity sector investments announced in Budget 2023.
  • The Electricity Council will provide advice to the Minister of Natural Resources to accelerate investment, and promote sustainable, affordable and reliable electricity systems.
  • "Clean electricity is set to play the central role in Canada's — and indeed the world's — transition to a clean energy future.

RWE and Northland Power choose Havfram Wind to transport turbines for Nordseecluster

Retrieved on: 
Thursday, April 13, 2023
Exercise, Wind, Vestas, Trust, RWE, Farm, Renewable energy, Northland Power

HAMBURG, Germany and OSLO, Norway, April 13, 2023 /PRNewswire/ -- RWE (51%) and Northland Power (49%) are making progress on the deployment of their joint offshore wind project Nordseecluster.

Key Points: 
  • HAMBURG, Germany and OSLO, Norway, April 13, 2023 /PRNewswire/ -- RWE (51%) and Northland Power (49%) are making progress on the deployment of their joint offshore wind project Nordseecluster.
  • I am proud of the trust RWE and Northland Power have in the Havfram Wind team.
  • The Nordseecluster will be located close to the existing 332 MW Nordsee One wind farm, which RWE and Northland Power co-developed and continue to operate jointly.
  • In order to deploy the cluster, the partners will rely on experienced suppliers like Havfram Wind, as well as their own expertise in offshore wind.

Minister Wilkinson Marks Progress in Supplying Germany With Clean, Reliable Energy

Retrieved on: 
Thursday, March 30, 2023
Hydrogen, EON, Lithium, Climate, Travel, Electricity, International Energy Agency, Volvo Trucks, Investment, Rio Tinto, EV, Timeline of the Canadian Broadcasting Corporation, German Climate Action Plan 2050, Environment and Climate Change Canada, Research, Government, Certification, Organization, Gas, Indigenous peoples, IEAC, Microsoft, Powerco, Ammonia, Government of Canada, Legislation, Environmental impact assessment, Private sector, Mercedes-Benz, Uniper, Climate change, Carbon, Volkswagen, BMW, MOU, Environment, Partnership, Daimler Truck, Wind, Natural Resources, Renewable energy, Arms industry, Uranium mining, Mining, Medical device, Wood, Cryptocurrency, Automotive industry, Airline, Northland Power

The Honourable Jonathan Wilkinson, Minister of Natural Resources, brought this message to the Berlin Energy Transition Dialogue (BETD) this week in Berlin, Germany.

Key Points: 
  • The Honourable Jonathan Wilkinson, Minister of Natural Resources, brought this message to the Berlin Energy Transition Dialogue (BETD) this week in Berlin, Germany.
  • Minister Wilkinson was joined by a Canadian trade mission featuring more than 15 Canadian companies, organizations, Indigenous communities and representatives seeking to pursue commercial opportunities in clean energy.
  • During the three-day mission, Minister Wilkinson pursued three objectives in pursuit of this generational economic opportunity for Canada.
  • In November 2022, Minister Wilkinson announced up to $800 million in project funding to advance Canada's clean fuels sector.

Governments of Canada and Ontario Working Together to Build Largest Electricity Battery Storage Project in Canada

Retrieved on: 
Friday, February 10, 2023
Darlington, Local government in Canada, Economic development, Government, Climate change, IESO, Investment, Natural Resources Canada, Canada Infrastructure Bank, Electricity, Wind, Aecon, Six Nations, Tesla, OPG, GHG, Partnership, Grand River, SMR, Environment, Six Nations of the Grand River, Renewable energy, Northland Power

"The Oneida Energy storage project is a great example of what can be accomplished through strong and meaningful partnership with Indigenous communities," said Todd Smith, Minister of Energy.

Key Points: 
  • "The Oneida Energy storage project is a great example of what can be accomplished through strong and meaningful partnership with Indigenous communities," said Todd Smith, Minister of Energy.
  • The Oneida Energy storage project is expected to reduce emissions by between 2.2 to 4.1 million tonnes, equivalent to taking up to 40,000 cars off the road.
  • "The Oneida Energy Storage Project is a milestone for Ontario's burgeoning energy storage sector.
  • We recognize the Government of Ontario and the Government of Canada for their continued support of energy storage initiatives.

NRStor and Partners Execute Major Agreements for 1000 MWh Oneida Energy Storage Project

Retrieved on: 
Friday, February 10, 2023
Electricity, Municipal government in Canada, Independent Electricity System Operator, Tesla, Inc., ESFA, Engineering, Canada Infrastructure Bank, Government, Concession, Minister, Chair, Economic development, Partnership, Aecon, Tesla Megapack, Natural Resources Canada, Growth, Project, GHG, Energy storage, Government of Ontario, Six Nations, Oil, Renewable energy, Northland Power

TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- NRStor Inc. (“NRStor”) is pleased to announce that the Independent Electricity System Operator (“IESO”) has entered into an Energy Storage Facility Agreement (ESFA) for the Oneida Energy Storage Project (“the Project”). This is a significant step in advancing its development and follows the issuance of an Order-in-Council and Ministerial Directive to enable the Project to proceed, granted by the Government of Ontario.

Key Points: 
  • TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- NRStor Inc. (“NRStor”) is pleased to announce that the Independent Electricity System Operator (“IESO”) has entered into an Energy Storage Facility Agreement (ESFA) for the Oneida Energy Storage Project (“the Project”).
  • The Oneida Energy Storage Project is the largest of its kind in Canada and amongst the largest in the world.
  • The Canada Infrastructure Bank has played a key role supporting project development and is collaborating with the Oneida Energy Storage Project on an investment agreement.
  • “This is a significant day for the Oneida Energy Storage Project, and we are proud of the example it sets as a sustainable energy project with strong Indigenous partnership from Six Nations and collaboration between industry and government,” says Annette Verschuren, Chair and CEO of NRStor.

Northland Power and Partners Execute Major Agreements for Oneida Energy Storage Project

Retrieved on: 
Friday, February 10, 2023
Electricity, Municipal government in Canada, Independent Electricity System Operator, Tesla, Inc., ESFA, IESO, Six Nations, Canada Infrastructure Bank, CIB, Partnership, EPC, Natural Resources Canada, Growth, Government, Project, Energy storage, Government of Ontario, Engineering, News, Oil, Renewable energy, Northland Power

TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland Power”) announces the successful execution of an Energy Storage Facility Agreement (ESFA) with the Independent Electricity System Operator (“IESO”) for the Oneida Energy Storage Project (“the Project”). The Project will benefit from a 20-year fixed price contract for revenue payments with the IESO in Ontario for the majority of the capacity from the project. The remaining capacity will earn market revenues through sales into the wholesale market. Execution of the ESFA follows the issuance of a Ministerial Directive to enable the Project to proceed, granted by the Government of Ontario.

Key Points: 
  • TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland Power”) announces the successful execution of an Energy Storage Facility Agreement (ESFA) with the Independent Electricity System Operator (“IESO”) for the Oneida Energy Storage Project (“the Project”).
  • The Canada Infrastructure Bank (CIB) has played a key role supporting project development and is collaborating with the Oneida Energy Storage Project on an investment agreement.
  • The Project is the largest battery energy storage project in Canada and amongst the largest in the world.
  • “The Oneida Energy Storage Project is a milestone for Ontario’s burgeoning energy storage sector.

Northland Power Announces 2023 Financial Guidance, Expands Canadian Development Portfolio and Establishes Its 2040 Net Zero Target

Retrieved on: 
Friday, February 3, 2023
Hydrogen, Electricity, Economics, Suba, BU, NPI, Carbon, TSX, Kilowatt-hour, Corporation, Public utility, Acquisition, Northland Power, History, Wind, La Vida Bohème, Natural gas, CFD, CFO, PPA, Ball Hill, Ebling Brewing Company, Partnership, Investment, Growth, Project, GHG, Greengate Power Corporation, Ammonia, Six Nations, News, Renewable energy, Oil, Commercial property

TORONTO, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) is pleased to announce its 2023 financial outlook ahead of the previously announced annual Investor Day, which will be held at 10:00 am EST today. Members of the executive team will provide an update on recent growth activities, Northland’s long-term plans and objectives.

Key Points: 
  • Through its entrepreneurial drive and disciplined execution, Northland has established a track record of growth over its 35-year history.
  • Northland intends to be selective and pursue only the projects within its pipeline that meet its strategic objectives and targeted returns.
  • In Scotland, Northland secured 2.3 GW of offshore wind leases and in Germany formed the 1.6 GW Nordsee Cluster.
  • Progress was also made on advancing current projects towards financial close, including Hai Long and Baltic Power.