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Northland Power Income Fund to Sell Mont Miller Wind Farm

Editorial Checklist

Reviewed

Dec 21 2010

Northland Power Income Fund announced that it has approved to divest the Mont Miller wind farm that is located near Murdochville in Quebec. The company will sell the 54 MW wind plant to NextEra Energy Canada.

The wind farm was jointly developed by 3Ci and Northland. The project started its commercial operation in 2005. For the wind farm, Mont Miller had entered into a power purchase agreement until 2026 with Hydro- Québec. Northland will use the sale proceeds for general corporate purposes and future developments. The company does not expect to sell any other of its properties.

Following the sale, Northland’s operating assets will be 815 MW of power. The total pipeline development of the company is 3,300 MW, out of which 446 MW are under construction and the rest 683 MW have power purchase contracts. After all the projects that are under construction are finished, Northland Power Income Fund will have a net generating capacity of more than 1,250 MW.

Source:

http://www.npifund.com/

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