Canada-headquartered company Northland Power’s 252MW Deutsche Bucht offshore wind project has achieved full project completion.
The company noted that all the 31 monopile foundation turbines started generating clean energy, and the project has already generated more than €130m of pre-completion revenues.
Northland Power president and CEO Mike Crawley said: “Achieving this milestone is the culmination of the efforts and dedication put forth by our project team to see the project through to completion.
“The successful completion of our third offshore wind farm solidifies Northland’s position as a global player in offshore wind development and underscores our ability to deliver large‐scale sustainable energy infrastructure projects that create long‐term value for shareholders.”
Completely owned by Northland Power, the Deutsche Bucht wind project is expected to generate nearly one billion kilowatt-hours of clean energy annually.
This will be sufficient enough to power approximately 300,000 German households while offsetting around 700,000 tonnes of carbon emissions annually.
The firm said the achievement also marks the end to the construction phase. Deutsche Bucht will now enter the operational phase.
Final completion also indicates the achievement of the terms needed to meet the project lenders for term conversion.
Through this acquisition, Northland says it will help South Korea achieve its renewable energy development targets.