Northland Power Announces Signing of Credit Agreement for $5.2 Billion Project Financing at Baltic Power Offshore Wind Project
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星期二, 九月 19, 2023
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.