Northland seals DeBu deal
Canadians complete acquisition of 252MW German offshore project
Northland Power has completed the acquisition of the 252MW DeBu wind farm in the German North Sea from British Wind Energy.
The Canadian group said it expects to invest about $400m in the €$1.3b development, sourced from cash and debt.
The rest of the project financing will be sourced from non-recourse finance debt and pre-completion revenues.
Northland said it's still investigating the addition of two demonstration turbines using suction bucket foundations.
Their development would add an extra 17MW of capacity and €100m to the total project cost.
The acquisition of DeBu was first flagged in March.
Image: MHI Vestas is to supply turbines to DeBu (Vestas)