Northland in Spain
551 MW Operating Wind and Solar Portfolio
33 operating assets throughout Spain:
- Onshore wind: 435 MW
- Photovoltaic solar: 66 MW
- Concentrated solar: 50 MW
On August 11, 2021, Northland completed the acquisition of a Spanish operating portfolio of onshore renewable projects, establishing us as a Top 10 operator in Spain.
Assets
Overview
| Onshore Wind | Solar PV | Concentrated Solar Power | |
|---|---|---|---|
| Net Capacity | 435 MW | 66 MW | 50 MW |
| Project(s) | 14 | 18 | 1 |
| Average Asset Age | 11 Years | 10 Years | 10 Years |
| Fully Regulated | Yes | Yes | Yes |
- Portfolio is 551 MW (net) comprised of onshore renewables with a regulated tariff
- Portfolio benefits from a diversified mix of equipment suppliers and OEM providers, mitigating exposure to any single manufacturer or service provider
-
Operations and Maintenance services are provided by a combination of Plenium (solar PV) and OEMs (onshore wind and CSP) under medium to long-term agreements
Operating portfolio supplies over 270,000 households with energy.
Spain
Asset types:
Wind
Solar PV
Concentrated Solar Power
Spanish Onshore Renewable Portfolio Acquisition
Strategic investment establishes Northland as a leading operator in a high-growth renewables market
2022 Annual Report
Read our 2022 Annual Report
2023 Investor Day Presentation
Continuing our goal to be a leader in the development and operation of sustainable energy assets in Canada and worldwide
2021 Sustainability Report
Read our 2021 Sustainability Report
2021 Spain Acquisition Investor Deck
Strategic investment establishes Northland as a leading operator in a high-growth renewables market and delivers near-term cash flow which complements offshore wind growth strategy