Northland Power has completed the financing for a 250 MW energy storage project in Ontario, Canada. All essential financing has been acquired for the 250 MW/1000 MWh Oneida energy storage facility located in Haldimand County which is Northland’s first investment in energy storage.
Northland owns 72% of the project, which is being developed in partnership with NRStor, Six Nations of the Grand River Development Corporation, and Aecon Group. The total cost for the project is approximately CAD800 million (US$600 million).
Northland plans to commence the commercial operation of the project in 2025. The project will benefit from a 20-year capacity contract with the IESO in Ontario.
Country updates
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May 18, 2023
Boralex awarded development of 380 MW energy storage projects in Ontario
The Ontario Independent Electricity System Operator (IESO) has selected Boralex and its partners, Six Nations of the Grand River and the Walpole Island First Nation, as the developers for tw...
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April 19, 2023
Potentia Renewables, Greengate Power secures US$250mn financial close on 198 MW Paintearth Wind Project in Alberta
Potentia Renewables Inc. and Greengate Power Corp. have secured a US$250 million financial close through a loan for the development of its Alberta wind farm joint venture. Potentia and Gre...
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March 21, 2023
Innu communities in Nitassinan partner with Boralex for 200 MW wind project
The Innu communities of Ekuanitshit, Essipit, Pessamit, the Pekuakamiulnuatsh First Nation, Pakua Shipi, Uashat mak Mani-utenam, Matimekush-Lac John, Nutashkuan, and Unamen Shipu, under the umbre...
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February 17, 2023
Lightleaf releases carbon-fiber solar panel for boats
Lightleaf has released its new 110 W PV module, featuring SunPower Maxeon monocrystalline solar cells with 25.1% efficiency. This module is designed with a rigid carbon-fiber foam foundation ins...
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February 17, 2023
Lightleaf releases carbon-fiber solar panel for boats
Lightleaf has released its new 110 W PV module, featuring SunPower Maxeon monocrystalline solar cells with 25.1% efficiency. This module is designed with a rigid carbon-fiber foam foundation ins...
Read more
