Northland Power (TSX: NPI) said in a Feb. 24 earnings report that construction of the 100-MW Grand Bend wind project in Ontario continues to progress well, with 28 of the 40 wind turbines fully erected.
Turbine commissioning is also well underway with interim revenue being earned on several turbines, the company added. In January 2016, the project reached a significant milestone with the achievement of the full energization of the switching station, transmission line and main transformer. The project remains on budget, with completion expected by the end of the third quarter of 2016.
Also, the company said that with a 130-MW portfolio of ground-mounted solar projects in Ontario, it has now completed the final four 10-MW facilities. All 13 projects are now operating and are performing according to and in some cases better than Northland’s expectations.
Northland is an independent power producer founded in 1987, and publicly traded since 1997. The company owns or has a net economic interest in 1,338 MW of operating generating capacity and 1,032 MW (692 MW net to Northland) of generating capacity under construction, including: a 60% equity stake in Gemini, a 600-MW offshore wind project, and an 85% equity stake in Nordsee One, a 332-MW offshore wind project, both located in the North Sea in Europe; as well as the 100-MW Grand Bend project.