Northland Power Confirms Hai Long Offshore Project Incident
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Northland Power Inc.
(“Northland” or
the “Company”)
(TSX: NPI) confirms that at approximately
10:00 AM local time on August 20, 2024, an incident occurred at the
Hai Long Changhua onshore substation, part of its offshore wind
project in Taiwan. While the details of the incident remain under
investigation, the preliminary information available cited a leak
of carbon dioxide from the fire suppression system, which affected
approximately 17 on-site workers.
In alignment with established emergency response protocols,
emergency services were immediately notified, and first aid
measures were promptly administered on-site. The affected
individuals were quickly transported to nearby hospitals, where
they are currently receiving emergency treatment.
The project team is fully cooperating with local authorities to
investigate the cause of the incident and ensure the safety of
personnel and the surrounding community. The incident has been
contained, and all work at the onshore substation is suspended
until further notice while investigations are ongoing.
“The safety and well-being of our employees and partners remain
our top priority,” said John Brace, Executive Chair. “Our current
focus is on the well-being of the affected workers and their
families. We will continue to monitor the situation closely and
provide updates as more information becomes available.”
Northland is committed to maintaining the highest safety
standards across all its operations and construction programs and
is working diligently to address this incident with the utmost
urgency and care.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
forward-looking information within the meaning of applicable
securities laws (“forward-looking statements”) that are provided
for the purpose of presenting information about management’s
current expectations and plans. Readers are cautioned that such
statements may not be appropriate for other purposes. Northland’s
actual results could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, the
events anticipated by the forward-looking statements may or may not
transpire or occur. Forward-looking statements include statements
that are predictive in nature, depend upon or refer to future
events or conditions, or include words such as “expects,”
“anticipates,” “plans,” “predicts,” “believes,” “estimates,”
“intends,” “targets,” “projects,” “forecasts” or negative versions
thereof and other similar expressions or future or conditional
verbs such as “may,” “will,” “should,” “would” and “could.” These
statements may include, without limitation, statements regarding
Northland’s expectations for the completion of construction and
anticipated costs thereof, the timing for and attainment of
commercial operations, the expected generating capacity of the
project, and the future operations of the project, all of which may
differ from the expectations stated herein. These statements are
based upon certain material factors or assumptions that were
applied in developing the forward-looking statements, including the
design specifications of development of projects, the provisions of
contracts to which Northland or a subsidiary is a party,
management’s current plans and its perception of historical trends,
current conditions and expected future developments, as well as
other factors, estimates, and assumptions that are believed to be
appropriate in the circumstances. Although these forward-looking
statements are based upon management’s current reasonable
expectations and assumptions, they are subject to numerous risks
and uncertainties. Some of the factors include, but are not limited
to, those described in the “Risks Factors” section of Northland’s
Management’s Discussion and Analysis and Annual Information Form
for the year ended December 31, 2023, which can be found
at www.sedarplus.ca under
Northland’s profile and on Northland’s website
at northlandpower.com.
Northland has attempted to identify important factors that could
cause actual results to materially differ from current
expectations, however, there may be other factors that cause actual
results to differ materially from such expectations. Northland’s
actual results could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, and Northland
cautions you not to place undue reliance upon any such
forward-looking statements.
The forward-looking statements contained in this release
are, unless otherwise indicated, stated as of the date hereof and
are based on assumptions that were considered reasonable as of the
date hereof. Other than as specifically required by law, Northland
undertakes no obligation to update any forward-looking statements
to reflect events or circumstances after such date or to reflect
the occurrence of unanticipated events, whether as a result of new
information, future events or results, or otherwise.
ABOUT THE HAI LONG OFFSHORE WIND PROJECT
Located approximately 45 – 70 kilometers off the Changhua coast in
the Taiwan Strait, Hai Long consists of two phases, Hai Long 2 and
Hai Long 3, with an expected combined generating capacity of 1,022
MW. Hai Long 2A benefits from a 294 MW 20-year PPA with Taipower
under a Feed-in-Tariff, and Hai Long 2B and 3 (728 MW) benefits
from a 30-year Corporate Power Purchase Agreement (CPPA) with an
investment grade counterparty. Hai Long will play an important role
in helping Taiwan achieve its renewable energy target of 15 GW of
offshore wind to be constructed between 2026 and 2035. Once
operational, Hai Long will be one the largest offshore wind
facilities in Asia, and will provide enough clean energy to power
more than one million Taiwanese households including industrial
facilities.
ABOUT NORTHLAND POWER
Northland Power is a global power producer dedicated to helping
the clean energy transition by producing electricity from clean
renewable resources. Founded in 1987, Northland has a long history
of developing, building, owning and operating clean and green power
infrastructure assets and is a global leader in offshore wind. In
addition, Northland owns and manages a diversified generation mix
including onshore renewables, natural gas energy, as well as
supplying energy through a regulated utility. Headquartered in
Toronto, Canada, with global offices in eight countries, Northland
owns or has an economic interest in approximately 3.2GW (net 2.8GW)
of operating capacity. The Company also has a significant inventory
of projects in construction and in various stages of development
encompassing approximately 12GW of potential capacity. Publicly
traded since 1997, Northland's common shares, Series 1 and Series 2
preferred shares trade on the Toronto Stock Exchange under the
symbols NPI, NPI.PR.A and NPI.PR.B, respectively.
Media Contact
Dario Neimarlija, Vice President, FP&A and Investor
Relations
P: 647-288-1019
investorrelations@northlandpower.com
Victor Gravili, Head of Global Brand & Integrated
Communications
P: 647-288-1105
communications@northlandpower.com
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