Northland Power Inc. has successfully concluded the sale of its 100% interest in the La Lucha solar facility to Cometa Energa, S.A. de C.V., a subsidiary of Saavi Energa. This transaction aligns with Northland’s strategy to concentrate on core markets, streamline operations, and recycle capital. The proceeds from the sale are intended for the repayment of the company’s revolving credit facility and general corporate purposes. Northland, a renowned global power producer, focuses on producing electricity from renewable resources. With headquarters in Toronto and operations in eight countries, Northland has a diverse portfolio of 3.4GW of operating capacity and 12GW under development. The company is publicly traded on the Toronto Stock Exchange. Despite the forward-looking statements, actual outcomes may differ due to numerous risks and factors, as noted in the company’s management discussions and risk assessments.

Renewable Energy, Corporate Finance,Canada, Mexico

https://www.globenewswire.com/news-release/2024/06/28/2906168/0/en/Northland-Power-Completes-Sale-of-Its-Interest-in-La-Lucha-Solar-Facility.html