Northland Power Capitalized Growth & Strategic Overview
Asia Offshore Wind Development
Advancing milestones to facilitate growth and opportunities for future offshore wind
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NORTHLAND
POWER
South Korea | 1.6
GW+ early/mid-
stage development
portfolig
Acquired Dado Offshore Wind Corp. in February 2020
•
Multiple early-stage development opportunities near Chodo Island
Dado
A 1GW+ mid-stage offshore wind project in-development
Secured 2 out of 3 electricity business licenses (EBLs) which grant the priority development rights
to Northland. The third EBL is expected in the summer of 2022
First major permit on route to financial close. Gives Northland development exclusivity over the site
area
Team secured EBLS through gaining local community support for the project and wind data
collection
Project development is progressing and expecting to start offshore works, design and securing grid
in 2022
Bobae, Jindo County
600 MW+ early-stage offshore wind development project
Completed 12-months of onshore wind measurement for use in the initial EBL applications
Submitted the initial EBL applications with results expected in the first half of 2022
A floating LIDAR was deployed, wind data is under measurement and will be used to submit
additional EBLs in 2022
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