Northland Power Inc. Announces OPA for Wind Farm in the Grand Bend Area

Thursday, Jul 07, 2011

Northland Power Inc. ("Northland" or "the Company") (TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.DB)(TSX:NPI.DB.A) announced that the Ontario Power Authority ("OPA") has accepted the Company's application for a contract under the Feed-in-Tariff (FIT) Program for a 100 megawatt (MW) wind farm in the Grand Bend area. In the near future, the OPA will invite Northland to sign a 20-year power purchase agreement for the clean energy the facility will generate. The wind farm had been in a project queue, pending upgrade of the Bruce-to-Milton Ontario power transmission line.

Northland expects to provide additional information regarding its anticipated timing and capital investment for this project in the coming weeks.

Source: Market Wire