Related Articles
Spain wants renewables to meet 70pc of electricity demand by 2030
Forward article link
Share PDF with colleagues

Northland invests $1bn in Spanish renewables

Canadian company sees Spain as base for European expansion

Canada-based Northland Power is making a major push into the European renewables sector with the acquisition of a 540MW wind and solar portfolio from Helia Renovables for a total of $1bn, including debt. The portfolio includes 33 operating assets comprising 424MW of onshore wind, 66MW of solar photovoltaic and 50MW of concentrated solar, located throughout Spain. The deal is expected to close in the third quarter of 2021. Northland says it plans to use the use the acquisition as a base for further European expansion. “Through this acquisition, we will also establish a European asset management platform that can support entry into other attractive European onshore renewables markets,” says



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Entropy’s low-cost modular CCS technology
7 May 2021
Post-combustion modular technology allows capture of emissions from most common sources of industrial process rather than just largest single source
Batteries, hydrogen and CCS key to transition
7 May 2021
Reaching net-zero emissions will require widespread deployment of all three technologies
Obstacles to renewables growth can be addressed
7 May 2021
Supply chain resilience, intermittency issues and ageing grids all stand in the way of decarbonising power supply
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video