Announced
Financials
Tags
offshore wind projects
Pending
Cross Border
Taiwan
Friendly
Minority
Single Bidder
Renewable Energy Equipment
Acquisition
Private
Synopsis
Petroliam Nasional-backed Gentari, a clean energy company, agreed to acquire a 49% stake in the Hai Long offshore wind project from Northland Power, a power producer, for C$800m ($588m). “Today’s announcement is a significant milestone for Northland as it represents the first transaction as part of our partnership model. We are delighted to welcome Gentari as part of the partnership in the Hai Long offshore wind project and look forward to developing the broader strategic partnership in Hai Long and potentially further beyond. This partnership is further evidence of the global interest in developing renewable energy projects to aid global decarbonization efforts and the transition to low carbon economies," Mike Crawley, Northland President and CEO.
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