Northland Power to acquire offshore wind project in Canada

NaiKun Wind Energy Group has entered into an agreement to sell the NaiKun Offshore Wind Farm located in the Hecate Strait off the coast of British Columbia, Canada to Northland Power, a global developer, owner and operator of sustainable infrastructure assets with expertise and capacity to advance early-stage renewable energy projects to the next level of development. On successful completion of the transaction, Northland will be responsible for all aspects of the project’s development. The transaction will occur by way of the company selling Northland a 100 per cent interest in its wholly owned subsidiary, NaiKun Wind Development, Inc.