Northland Power Acquires BC Offshore Wind Project (M&A, Ind Report)
Northland Power ,NaiKun Wind Energy Group
Following up on our 23rd August, 2019 report, Toronto-headquartered renewable energy developer Northland Power reports it has agreed to acquire NaiKun Wind Energy Group's offshore wind development project in the Hecate Strait off the coast of British Columbia.
The transaction will occur by way of NaiKun selling Northland a 100 pct interest in its wholly owned subsidiary, NaiKun Wind Development Inc.
The transaction, which is subject to regulatory and other approvals, is expected to close in mid-2020.
(Source: NaiKun Wind Energy Group, Website, 30 Mar.,2020)
Contact: NaiKun Wind Energy Group, 604 639-846, www.naikun.ca; Northland Power Inc., David Povall, Exec. VP, (416) 962-6262, www.northlandpower.com
More Low-Carbon Energy News Northland Power , NaiKun Wind Energy Group, Offshore Wind,
NaiKun Wind Inks "Indicative" Offhhore Wind Agreement (Ind. Report)
NaiKun Wind Energy Group
In British Columbia, Vancouver-based NaiKun Wind Energy Group Inc. reports the inking of an "indicative offer" with an unnamed major offshore wind development company to develop wind resource in Hecate Strait, a few kilometers east of Haida Gwaii island, within the traditional territory of the Haida Nation. A definitive agreement is expected within the next few weeks, subject to shareholder, regulatory and TSX Venture Exchange approval.
Under the terms of the agreement, the offshore wind developer will provide technical expertise, dedicated financial resources, and establish a framework for a long-term relationship.
of the strongest and most consistent in the world.
(Source: NaiKun Wind Energy Group Inc., PR, Aug., 2019) Contact: NaiKun Wind Energy Group Inc.,
Mike O'Connor, President & CEO,
More Low-Carbon Energy News NaiKun Wind Energy Group , Wind, Offshore Wind,