TORONTO, February 23, 2022 – Northland Power Inc (TSX: NPI), a Canadian-owned global renewable energy company dedicated to supporting the clean energy transition, and its Colombian utility Empresa de Energía de Boyacá (EBSA), celebrated the inauguration of the first phase of the Helios solar farm with the Colombian government.
The project includes 20,520 solar panels, with an installed capacity of 9.9 megawatts of alternating current, which is equivalent to the consumption of approximately 15,400 homes per year. An additional 6.1 megawatts of alternating current will be installed once the second phase is completed. The project will be integrated into the national interconnected system and will operate in the Colombian electricity market.
In his remarks at the Helios inauguration event, Iván Duque Márquez, President of the Republic of Colombia, commented on the importance of projects like this to help achieve the country’s climate change goals. . “I am very motivated that Northland Power, a Canadian company, is making this bet in Colombia, that it is close to an urban area, connected to the grid, brings technology, employs local labor and invites society to understand that with these energies, we can really place ourselves in a dynamic of reducing greenhouse gases.”
Acquired by Northland in 2020, EBSA established a platform for Northland to invest in renewable energy and other electrical infrastructure in Colombia
“As a global leader in renewable energy, we are proud of our work with EBSA and the partnerships we have established in Colombia to bring sustainable energy to local communities. We look forward to our continued growth in Colombia and other key markets around the world. – Mike Crawley, President and CEO of Northland.
Northland Power is a global power producer dedicated to the clean energy transition by generating electricity from clean renewable resources. Founded in 1987, Northland has a long history of developing, building, owning and operating clean and green energy infrastructure and is a world leader in offshore wind. Additionally, Northland owns and operates a diverse generation mix including onshore renewables, efficient natural gas power, as well as power supply through a regulated utility.
Based in Toronto, Canada, with global offices in eight countries, Northland owns or has an economic interest in 3.2 GW (net 2.8 GW) of operating capacity. The Company also has a large inventory of projects under construction and at various stages of development encompassing over 14 GW of potential capacity.
Publicly traded since 1997, Northland’s common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C, respectively.
Northland owns a 99.2% share of the first regulated utility Empresa de Energía de Boyacá (EBSA). Acquired in 2020, EBSA builds on Northland’s presence in Latin America and represents Northland’s entry into Colombia and the regulated utility industry. EBSA is the only distribution company in Boyacá, serving as the sole electricity distributor to a population of over 1.3 million. With 32,541 km of distribution lines across the department of Boyacá, EBSA distributes 1.8 TWh of energy per year, meeting the needs of approximately 480,000 customers.