Oceanic Wind Energy Inc V.NKW.H

RE:RE:RE:Volume

[BayWall]

Here was that asset sell-down idea from Northland. Nothing prevents Oceanic from entering in partnership, but maybe into the future?

Northland intends to consider a selective sell-down strategy of partial interests of certain of its development projects once they have achieved financial close to allow the company to: (i) manage jurisdictional exposures; (ii) crystalize some development profit prior to construction as a result of the derisking of the project; (iii) enhance its free cash flow and liquidity position; and (iv) increase project returns, amongst other considerations. Northland will assess each opportunity individually and intends to remain a long-term owner in the renewable projects it develops globally.