Northland Power to acquire Dado Ocean.

Northland Power, a global developer, owner and operator of sustainable infrastructure assets, agreed to acquire Dado Ocean, a development company with multiple early stage offshore wind development sites near Chodo Island, off the south coast of South Korea. Financial terms were not disclosed. “This agreement builds on Northland’s strategy to pursue opportunities in South Korea. We are excited to be part of Korea’s energy transformation as it looks to the future with the government’s Renewable Energy 3020 Program, that aims to achieve 12.0 GW of offshore wind capacity by 2030," Mike Crawley, Northland President and Chief Executive Officer.