TSX: NPI.CA

Nordsee One (Offshore wind)

Project: Nordsee One Off-shore Wind Farm Location: North Sea, Germany Energy source: Wind Type of facility: Offshore Wind Farm
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 coast of Germany. 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 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
Wind

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