M&A Deal Summary

Northland Power Acquires Dado Ocean Wind Farm Co.

On February 24, 2020, Northland Power acquired renewable energy company Dado Ocean Wind Farm Co.

Acquisition Highlights
  • This is Northland Power’s 1st transaction in the Renewable Energy sector.
  • This is Northland Power’s 1st transaction in South Korea.

M&A Deal Summary

Date 2020-02-24
Target Dado Ocean Wind Farm Co.
Sector Renewable Energy
Buyer(s) Northland Power
Deal Type Add-on Acquisition

Target

Dado Ocean Wind Farm Co.

South Korea
Dado Ocean Wind Farm Co. Ltd. is a development company with multiple early-stage offshore wind development sites near Chodo Island, off the south coast of South Korea.

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Buyer(S) 1

Buyer

Northland Power

Toronto, Ontario, Canada

Category Company
Founded 1987
Sector Renewable Energy
Employees1,150
Revenue 2.3B CAD (2024)
DESCRIPTION

Northland Power is a global developer, owner, and operator of sustainable infrastructure assets that deliver predictable cash flows. Northland owns or has an economic interest in 2,429 MW (net 2,014 MW) of operating generating capacity and 399 MW of generating capacity under construction, representing the Deutsche Bucht offshore wind project in the German North Sea and the La Lucha solar project in Mexico. Northland also owns a 60% equity stake in the 1,044 MW Hai Long projects under development in Taiwan and operates a regulated utility business in Colombia. Northland Power was incorporated in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2020 M&A 1 of 1