Canada’s Northland Power deepened its footprint in European offshore wind with a deal to buy the 252MW Deutsche Bucht project in German waters.

Northland will acquire the €1.2bn ($1.27bn) North Sea wind farm from Highland Group, the UK-based investor that has advanced the project to a near-construction stage.

Northland will sink about CA$400m ($298m) into Deutsche Bucht, with the remainder of the cost coming from “project financing and pre-completion revenues”.

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