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Northland sells 29.4% Hai Long stake to Gentari

RICHARD HEAP

January 2, 2024

Northland Power has concluded the sale of a 29.4% stake in the 1GW Hai Long offshore wind project in Taiwan to a subsidiary of Malaysian clean energy company Gentari for $750m.

Northland is set to retain a 30.6% stake in the project, in which Japanese conglomerate Mitsui and Singaporean developer Yushan Energy each own a 20% stake. Gentari is a subsidiary of Malaysian state-backed oil and gas company Petronas.

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