Saturday, December 9 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 04
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    NPI Globe/wire say Northland to help build Taiwan wind farm

    September 25, 2023 - Canada StockWatch


      Northland Power Inc (TSX:NPI)

      Shares Issued 253,454,030

      Last Close 9/22/2023 $23.35

      Monday September 25 2023 - In the News

      The Globe and Mail reports in its Saturday edition that Japan's Mitsui & Co. said on Friday it had finalized a plan with Canada's Northland Power to build a one-gigawatt (GW) offshore wind farm in Taiwan at an estimated cost of 960 billion yen ($8.7-billion).A Reuters dispatch to The Globe reports thatMitsui and Northland, which won the interest in the Hai Long bottom-fixed offshore wind project in 2018, aim to complete construction by the end of 2026 to generate a total of 1.022 GW, equal to the annual power consumption of one million households.The project, 60 per cent owned by Northland and 40 per cent by Mitsui, involves constructing 73 large wind turbines in the offshore area 45 to 70 kilometres off Changhua county and consists of three sections, HL2A, HL2B and HL3.The HL2A will sell electricity to Taiwan Power under a 20-year power purchase agreement (PPA) while HL2B and HL3 will sell electricity to a private power user in Taiwan under a 30-year PPA, Mitsui said in a statement.Of the total project cost, Mitsui will provide $2.36-billion, including $1.54-billion in equity and loans and about $817-million in guarantees, while about $4.9-billion will be paid for through project finance.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.