Nordsee One (Offshore wind)

Project:
Nordsee One Off-shore Wind Farm
Location:
North Sea, Germany
Energy source:
Wind
Type of facility:
Offshore Wind Farm
Main Equiptment:
54 Turbines
Stage:
Operations
Opened:
2017
Capacity:
332MW - 282MW NPI Interest
%Owned/Operated:
85%/N/A
Overview:
Northland is 85% owner of the EUR1.2 billion Nordsee One offshore wind project. The project was completed ahead of schedule and under budget and began operations in 2017. It is located 40 km off the Germany coast, Nordsee One has a capacity of 332MW. Nordsee Two and Nordsee Three, also acquired, are early stage development projects totaling approximately 670 MW. They will be developed over the next decade as offshore wind tariffs are extended and the grid infrastructure is made available.

Features:
  • Strong winds and 26-28 m water depth provide ideal conditions
  • Power contract with feed-in-tariff subsidy for approximately ten years under the German Renewable Energy Act
  • Robust project returns meet Northland's investment criteria
  • Active ongoing oversight of the project company provided by Northland and RWE Innogy, a global leader in renewable energy
Documents:
First Foundation for Nordsee One Installed – Press Release
Visit the project site
Read the Financial Close press release
Nordsee Summary Backgrounder
Nordsee Detailed Backgrounder

Northland Power
2017 Annual Report

Continuing our goal to be a leader in the development and operation of sustainable energy assets in Canada and worldwide