Northland Power Inc. announced the closing of the transaction to sell its 100% interest in the La Lucha solar facility to Cometa Energía, S.A. de C.V., wholly owned by Saavi Energía (Saavi), previously announced on March 4, 2024.
This transaction reflects Northland’s strategy to focus on its core markets, simplify the overall business, and recycle capital. Proceeds will initially be used towards repayment of amounts drawn on the Company’s revolving credit facility and for general corporate purposes.
