Northland Power Inc. (TSX:NPI) is looking for acquisitions. Northland Power has entered into a definitive agreement for the acquisition of an operating portfolio of onshore renewable projects in Spain and has provided a business update on various strategic initiatives. The Company is also announcing a concurrent $900 million bought deal equity financing to fund the acquisition as well as projects within the Company's identified 4 to 5 gigawatt (GW) renewable development pipeline, outlined at the Company's recent Investor Day in February 2021. Northland intends to leverage the acquisition of the Portfolio to build a platform with asset management, development, and operations and maintenance capabilities that can competitively pursue onshore renewables acquisition and development opportunities across Europe over the next decade.