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 encompasses 20,520 solar panels, with 9.9 megawatts of AC installed capacity, equivalent to the consumption of approximately 15,400 homes per year. An additional 6.1 megawatts of AC will be installed once the second phase is completed. The project will be incorporated 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 in helping to meet the country's climate change targets. "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 that invites society to understand that with these energies, we can really place ourselves in a dynamic of greenhouse gas reduction."
Acquired by Northland in 2020, EBSA established a platform for Northland to invest in renewables power and other electricity infrastructure in Colombia
"As a global renewable energy leader, we are proud of our work with EBSA and the partnerships we have established within Colombia to bring sustainable energy to local communities. We look forward to our continued growth in Colombia and within other key markets across the globe." - Mike Crawley, Northland President and CEO.
About Northland
Northland Power is a global power producer dedicated to helping the clean energy transition by producing electricity from clean renewable resources. Founded in 1987, Northland has a long history of developing, building, owning and operating clean and green power infrastructure assets and is a global leader in offshore wind. In addition, Northland owns and manages a diversified generation mix including onshore renewables, efficient natural gas energy, as well as supplying energy through a regulated utility.
Headquartered 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 significant inventory of projects in construction and in 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.
About EBSA
Northland owns a 99.2% share of the premier 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 sole distribution company in Boyacá, serving as the sole electricity distributor to a population of over 1.3 million residents. With 32,541 km of distribution lines across the department of Boyacá, EBSA distributes 1.8 TWh of energy annually, meeting the needs of approximately 480,000 customers.
