Northland Power Income Fund has agreed to sell its 54 MW Mont Miller wind farm, located near Murdochville, Quebec, to NextEra Energy Canada.
The Mont Miller wind farm was co-developed by Northland and 3Ci Inc. and achieved commercial operation in 2005. Mont Miller has a contract to sell all of its power to Hydro-Quebec until 2026.Â
Northland will use the proceeds of the Mont Miller sale to fund future development and for general corporate purposes. The company says it does not anticipate the sale of any other properties.Â
Northland recently closed $106 million in nonrecourse debt financing for a 100 MW wind farm under construction in Quebec's Gaspesie region.Â Â
SOURCE: Northland Power Income Fund