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power firm Northland Power has signed a clear-cut arrangement with Helia Renovables to acquire a 540MW wind as well as solar portfolio in Spain. The EUR345m ($

power producer Northland Power Inc has completed the sale of its 130-MW La Lucha solar park in Mexico to Cometa Energia SA de CV, a subsidiary of Saavi Energia. The

Northland Power has actually completed the acquisition of a Spanish operating portfolio of onshore eco-friendly projects from Helia Renovables, a fund sponsored by Plenium Partners and Bankinter. The Portfolio has a complete combined net capacity of 551MW, consisting of the acquisition of minority passions not consisted of in the preliminary revealed purchase. It consists of 33 operating assets comprised of 435MW onshore wind, 66MW of solar PV, and focused solar of 50MW situated throughout Spain. Total cash consideration paid for the purchase was EUR348m, along with the presumption of debt in the amount of EUR716m. The acquisition was funded making use of proceeds from Northland's typical equity offering finished on April 14 2021. The Portfolio promptly places Northland as a leading 10 sustainable power driver in Spain and creates a platform for development in an appealing market for renewables. Northland intends to leverage the acquisition of the Portfolio to construct a platform with property management, development, and operations and upkeep abilities that can competitively seek onshore renewables acquisition and development chances across Europe over the next years. Northland president and president Mike Crawley (imagined) claimed: "We are proud to reveal the closing of the Helia purchase, which supports Northland's ongoing growth and leadership in renewable resource and establishes Northland as a leading driver in one of Europe's most eye-catching renewables markets. " The procurement will function as a system for future development in our onshore sector in Europe and we have worked with senior participants to our regional group to help expand our setting. " The obtained possessions will offer us with near-term cash flow to support the ongoing growth of our overseas wind passions."

Northland Power has achieved monetary close on a 250MW power storage space project in Ontario, Canada. The Oneida energy storage space project, in Southern Ontario, has actually safeguarded all required financing. Northland owns 72% of the project, which is being established in collaboration with NRStor, Six Nations of the Grand River Development Corporation and also Aecon Group. Oneida is a 250MW/1000 megawatt hr capacity battery situated in Haldimand County as well as is Northland's initial investment in energy storage space. Northland will consider more opportunities within the Ontario market and also various other key markets to develop out its battery energy storage space portfolio. Full commercial operations for the project are anticipated to commence in 2025. Mike Crawley, President and also Chief Executive Officer of Northland, said: "Oneida offers Northland with dimension as well as scale in Ontario from which we can grow. " We will check out more development opportunities within power storage space as part of our overall aspiration to help accelerate the worldwide clean power change." The overall cost for the project is around C$ 800m ($600m). Consistent with Northland's funding approach, the business will certainly make use of non-recourse project-level financing to fund around 75% of the construction costs. Northland's equity element will certainly be funded from existing cash available as well as available liquidity under its revolving credit center. Overall financial obligation required for the project has actually been fully committed by an exterior loan provider in the form of a non-recourse building and term finance, matching the tone of the capacity contract. Natural Resources Canada (NRCan) has also offered financing from the Smart Renewables and Electrification Pathways program, recognising that the project will decrease greenhouse gas exhausts. The remaining expenses will certainly be funded by the added equity from the different companions. Oneida will take advantage of a 20-year capacity contract with the IESO in Ontario. Acquired revenue constitutes around 60% overall revenues, and also the remaining will be made from running the battery in the wholesale market.

Northland Power has secured full funding for an 80-MW/160-MWh battery energy storage system (BESS) project in Alberta, Canada. The financial close marks a significant milestone, allowing the company to proceed with construction activities.The project aims to enhance energy storage capabilities in the region, supporting grid stability and renewable energy integration. Northland Power's investment in this BESS project underscores its commitment to advancing sustainable energy solutions in Canada. How Will Northland Power's New BESS Project Impact Alberta's Energy Grid Stability? Increased Grid Stability: The BESS project will provide additional capacity to store excess energy generated during low-demand periods, which can be released during peak demand, thus stabilizing the grid. Renewable Energy Integration: By storing energy from renewable sources like wind and solar, the BESS will facilitate greater integration of these intermittent energy sources into Alberta's grid, reducing reliance on fossil fuels. Frequency Regulation: The BESS can quickly respond to fluctuations in grid frequency, helping to maintain a stable and reliable electricity supply. Reduced Curtailment: With enhanced storage capabilities, the project will minimize the curtailment of renewable energy, ensuring that more clean energy is utilized rather than wasted. Economic Benefits: The project may lead to lower electricity costs over time by optimizing energy use and reducing the need for expensive peaking power plants. Grid Resilience: The BESS will enhance the resilience of Alberta's energy grid against outages and disruptions, providing a reliable backup power source. Support for Decarbonization Goals: By enabling more efficient use of renewable energy, the project supports Alberta's and Canada's broader decarbonization and climate goals. Innovation and Leadership: Northland Power's investment in this project positions the company as a leader in energy innovation, potentially encouraging further investments in similar technologies in the region.

Northland Power has agreed to sell its 130MW solar plant in Mexico, La Lucha, to Cometa Energia for $205 million in cash. The plant, located in Durango, has been operational since June 2023. The sale is expected to close in 2024 pending approval from various regulatory bodies.The proceeds from the sale will be used to repay debts and for general corporate purposes. Northland Power's president and CEO, Mike Crawley, stated that the sale is part of the company's strategy to focus on core markets and generate liquidity by divesting assets in non-core markets. Why is Northland Power selling its 130MW solar plant in Mexico? Northland Power is selling its 130MW solar plant in Mexico to Cometa Energia for $205 million in cash. The plant, La Lucha, located in Durango, has been operational since June 2023. The sale is expected to close in 2024 pending approval from various regulatory bodies. The proceeds from the sale will be used to repay debts and for general corporate purposes. Northland Power's president and CEO, Mike Crawley, stated that the sale is part of the company's strategy to focus on core markets and generate liquidity by divesting assets in non-core markets.

Canadian power producer Northland Power Inc (TSE: NPI) has closed a non-recourse debt refinancing and also restructuring of a 550-MW portfolio of renewable energy parks in Spain, the company's expert Green Giraffe revealed.

Canadian power producer Northland Power Inc (TSE: NPI) on Friday awarded several significant agreements backing the development of its 250-MW Oneida project in Ontario, readied to create the biggest battery power storage facility in Canada.

Power Empress Solar Park (EMP1) map Alberta 39   270

Aquila Clean Energy APAC and Far North Solar Farm commissioned the 20.8-MWp Pukenui Solar Farm, boosting local resilience and accelerating renewables in Northland.

SC Oscar acquires Ranui Generation for $135 million, advancing renewable energy projects in New Zealand. Exciting developments ahead in the Asia-Pacific market.

Etrion Corporation (" Etrion" or the "Company") (TSX: ETX) (OMX: ETX), a solar independent power manufacturer, reveals that it has finished the sale of its financial investment interest in the Mie 60 MW solar project and got JPY 3.4 billion (roughly US$ 32.2 million). On top of that, Etrion's subsidiary, Etrion Japan KK, has been paid an advancement charge of JPY 300 million (around US$ 2.8 million).

Etrion Corporation has actually finished the sale of its financial investment passion in the Mie 60 MW solar project and received around USD 32.2 million.

Etrion Corporation, a solar independent power producer, today introduced that Solar Resources Holding Sàrl and Etrion Japan K.K., wholly-owned subsidiaries of the Business, have entered into agreements (the "Transfer Agreements") to market their rate of interests in the Company's 13.2 MW Komatsu, 24.7 MW Shizukuishi as well as 9.3 MW Mito running solar energy projects (collectively the "3 Projects") to 3 Japanese business, GK Komatsu Solar, GK Shizukuishi Solar and also GK MITO Solar (collectively the "Consortium"), for an accumulated acquisition cost of around JPY 8.252 billion (or USD 74.9 million), subject to certain changes at closing.

Etrion Corporation, a solar independent power producer, has announces that it is exploring calculated choices to increase the worth of its solar portfolio in Japan.