FINWIRES · TerminalLIVE
FINWIRES

Northland Power Secures Additional C$0.9 Billion of New Debt Financing

By

Northland Power (NPI.TO) said Tuesday that the Hai Long offshore wind project in Taiwan has secured C$2.4 billion of new debt financing, with C$0.9 billion representing incremental funding.

This incremental funding and expected pre-completion revenue will cover project funding requirements, a statement said.

Hai Long has a total capacity of 1,022 megawatts and is underpinned by 30-year off-take contracts. It is scheduled for commercial operations in 2027.

"We have achieved a significant milestone at Hai Long, and this financing reflects the strength of the Project and the critical role offshore wind plays in Taiwan's energy future," said Northland Chief Executive Officer Christine Healy.

Northland Power shares were last seen up C$0.43 at C$21.77 on the Toronto Stock Exchange.

Price: $21.79, Change: $+0.45, Percent Change: +2.11%

Related Articles

Mining & Metals

AGT Food Q2 Adjusted EPS Falls, Misses FactSet Estimate; Revenue Rises, Beats Forecast

AGT Food and Ingredients (AGTF.TO) after the close on Monday said its second-quarter adjusted net earnings of C$0.12 per share, or C$8.25 million, compared to C$0.18 per share, or C$7.54 million, in the prior year period.It missed FactSet consensus of C$0.22 per share.Revenue during the quarter ended on June 30 stood at C$634.17 million up from C$623.58 in the same period last year, surpassing FactSet analysts' estimates of $572.80 million.The company also declared its second quarterly cash dividend for Q3 2026 of $0.05 per common share, payable on Oct. 15 to shareholders of record as of the close of business on Sept. 30.Shares of the company closed up C$0.01 at C$17.19 on Toronto Stock Exchange.

$AFTF.TO
Mining & Metals

Allied Gold Completes C$416.6 Million Strategic Investment by Zijin Gold

Allied Gold (AAUC.TO) after trade Monday said it completed its strategic investment by Zijin Gold, which was made via a private placement of 12.8-million shares at C$32.55 per share, generating gross proceeds of C$416.64 million.The company said it plans to use the net proceeds to support its growth initiatives, including operational improvements, the completion and ramp-up of Kurmuk, the phased expansion of Sadiola, increased production at the CDI Complex, and exploration across its portfolio.Following the investment, Zijin Gold owns about 9.2% of Allied's outstanding shares. Zijin Gold also has customary participation and top-up rights to maintain its ownership percentage until its stake falls below 5% on a non-diluted basis, according to the statement.Allied Gold in late July it would not go ahead with a planned sale to Zijin Gold as both companies did not foresee the agreement's conditions being satisfied by the outside date of July 29.

$AAUC.TO
Mining & Metals

Earnings Flash (CRT-UN.TO) CT Real Estate Investment Trust Reports Q2 Revenue C$156.7M

$CRT-UN.TO