March 3 (Reuters) - Northland Power Inc NPI.TO :
* Northland power agrees to acquire 252 MW German offshore wind farm
* Total estimated project cost is approximately EUR 1.2 billion
* Says project is expected to be accretive on a free cash flow per share basis upon its completion
* Project is expected to generate over 1,000 gigawatt hours of electricity per year
* Revising its 2017 free cash flow per share guidance to be in range of $1.03 to $1.18 per share from $1.10 to $1.25 per share
* Expects to invest about $400 million corporate funds with balance of project cost provided by project financing, pre-completion revenues
* Expects investment in project will be sourced from cash on hand, corporate liquidity, and preferred shares
* Co and Highland Group Holdings Ltd have signed a definitive agreement whereby Northland will acquire 100% of Deutsche Bucht Source text for Eikon: ID:nCCN4BxV19 Further company coverage: NPI.TO