Northland Power

Last updated
Northland Power Inc.
Company typePublic
TSX:  NPI
IndustryPower generation
Genre Independent Power Producer
Founded1987
Founder James C. Temerty and Alexander Juchymenko
Headquarters
Toronto, Ontario
,
Canada
Key people
John Brace, Chairman of the Board and Interim President & CEO
Adam Beaumont, CFO (interim)
Yonni Fushman, Chief Administrative and Legal Officer
Rachel Stephenson, Chief People Officer
Michelle Chislett, Executive VP, Onshore Renewables
Calvin MacCormack, Executive VP, Natural Gas and Utilities
Toby Edmonds, Executive VP, Offshore Renewables
Pierre-Emmanuel Frot, Executive VP, Project Management Office
RevenueIncrease2.svg Can$2.1 billion (2020) [1]
Increase2.svg Can$0.5 billion (2020) [2]
Total assets Increase2.svg Can$11.4 billion (2020) [3]
Total equity Increase2.svg Can$2 billion (2020) [4]
Number of employees
1,154 (2020) [5]
Website www.northlandpower.com

Northland Power (TSX: NPI) is a Toronto-based power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates clean and green power infrastructure assets in Asia, Europe, Latin America, North America, and other selected global jurisdictions that produce electricity from clean-burning natural gas and renewable resources such as wind and solar technology. [6]

Contents

The company owns or has a gross economic interest in 2,681 MW [7] of operating generating capacity and 130 MW [7] of generating capacity under construction, representing the La Lucha solar project. In advanced development, Northland has 300 MW of onshore wind under advanced development across three projects in New York State, a 60% equity stake in the 1,044 MW Hai Long project off the coast of Taiwan and a 49% equity stake in the up to 1,200 MW Baltic Power project off the coast of Poland. Northland also operates a regulated utility business in Colombia and has a portfolio of projects in various stages of development in the Americas, Asia and Europe. [7]

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C respectively.

Conversion to corporation

In 2009, Northland Power Income Fund acquired and merged with Northland Power Inc. This transaction was motivated by the Government of Canada's elimination of preferential tax treatment for income trusts, which has prompted a mass conversion of Canadian income trusts into regular corporations. On June 21, 2010, Northland's unitholders approved management's plan to convert to a corporation effective January 1, 2011. [8]

Power projects controlled by Northland

Operational power projects

NameLocationFuel SourceCapacity (MW)Ref
Iroquois FallsOntarioNatural Gas120 [9]
KingstonOntarioNatural Gas110 [9]
Kirkland LakeOntarioBiomass, Natural Gas132 [9]
North BattlefordSaskatchewanNatural Gas260 [9]
Spy HillSaskatchewanNatural Gas86 [9]
ThoroldOntarioNatural Gas265 [9]
Grand BendOntarioOnshore Wind100 [9]
Jardin d'ÉoleQuébecOnshore Wind134 [9]
McLean's MountainOntarioOnshore Wind60 [9]
Mont LouisQuebecOnshore Wind100 [9]
AbitibiOntarioSolar10 [9]
Belleville NorthOntarioSolar10 [9]
Belleville SouthOntarioSolar10 [9]
Burk's Falls EastOntarioSolar10 [9]
Burk's Falls WestOntarioSolar10 [9]
CrosbyOntarioSolar10 [9]
EmpireOntarioSolar10 [9]
GlendaleOntarioSolar10 [9]
Long LakesOntarioSolar10 [9]
Martin's MeadowsOntarioSolar10 [9]
McCannOntarioSolar10 [9]
North BurgessOntarioSolar10 [9]
Rideau LakesOntarioSolar10 [9]
BluestoneUnited StatesOnshore Wind112 [9]
Ball HillUnited StatesOnshore Wind108 [9]
Deutsche BuchtGermanyOffshore Wind252 [9]
Gemini The NetherlandsOffshore Wind600 [10]
Nordsee One GermanyOffshore Wind332 [11]
EBSA ColombiaRegulated Utility480,000+ (Customer Connections) [12]

Projects under advanced development and construction

NameLocationFuel SourceCapacity (MW)Ref
Hai Long TaiwanOffshore Wind1,044 [13]
Baltic Power PolandOffshore Wind1,140 [14]
Oneida OntarioBattery Energy Storage250 [15]

Related Research Articles

Puget Sound Energy, Inc. (PSE) is an energy utility company based in the U.S. state of Washington that provides electrical power and natural gas to the Puget Sound region. The utility serves electricity to more than 1.2 million customers in Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and Whatcom counties, and provides natural gas to 877,000 customers in King, Kittitas, Lewis, Pierce, Snohomish and Thurston counties. The company's electric and natural gas service area spans 6,000 square miles (16,000 km2).

EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly-traded energy company headquartered in Karlsruhe, Germany.

<span class="mw-page-title-main">Iberdrola</span> Spanish multinational electric utility company

Iberdrola, S.A. is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.

<span class="mw-page-title-main">NRG Energy</span> Energy company serving customers in the northeast United States and Texas

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail customers in 24 US states including Texas, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio; the District of Columbia, and eight provinces in Canada.

Berkshire Hathaway Energy is a holding company and subsidiary of Berkshire Hathaway, which owns 92% of the company. Berkshire has owned a controlling stake since 1999. The company also controls power distribution companies in the United Kingdom and Canada. The remaining 8% is owned by the family of Walter Scott Jr.

Statkraft AS is a hydropower company, fully owned by the Norwegian state. The Statkraft Group is Europe's largest generator of renewable energy, as well as Norway’s largest and the Nordic region's third largest energy producer. Statkraft develops and generates hydropower, wind power, gas power, district heating and solar power. It is also a player in the international energy markets. The company has 5300 employees in 21 countries with their headquarters located in Oslo, Norway.

<span class="mw-page-title-main">Ignitis</span>

Ignitis Group is a state-owned energy holding company located in Vilnius, Lithuania. The Group’s core business is focused on operating Lithuania’s electricity distribution network (Networks) and managing and developing its Green Generation Portfolio. The Group also manages strategically important reserve capacities and provides services to its customers, including the supply of electricity and natural gas, solar, e-mobility, energy efficiency and innovative energy solutions for private and business customers.

Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.

Innergex Renewable Energy is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America, France and South America. While many of the firm's operational assets are located in its home province of Québec, it has expanded into Ontario, British Columbia, and Idaho, as well as Chile and France

<span class="mw-page-title-main">NTPC Limited</span> National Thermal Power Corporation, Central Public Sector Undertaking coal mining

NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.

Sembcorp Energy India Limited (SEIL) is a leading independent power producer (IPP) in India. Formerly known as Thermal Powertech Corporation India Limited, SEIL owns 100% of both Sembcorp Gayatri Power Limited and Sembcorp Green Infra Limited.

Mike Crawley is a Canadian businessman and politician.

<span class="mw-page-title-main">Infigen Energy</span>

Infigen Energy (Infigen), operating under this name since 29 April 2009, is a developer, owner and operator of renewable energy generation assets in Australia. Infigen's wind farm portfolio has an installed capacity of 557 MW. Most of Infigen's assets generate electricity from renewable sources and are eligible to sell Large-scale Generation Certificates (LGCs) under the mandatory Renewable Energy Target scheme, which operates in Australia under the Renewable Energy (Electricity) Act 2000. Since 2020, Infigen Energy has been a subsidiary of Iberdrola.

Vietnam utilizes four main sources of renewable energy: hydroelectricity, wind power, solar power and biomass. At the end of 2018, hydropower was the largest source of renewable energy, contributing about 40% to the total national electricity capacity. In 2020, wind and solar had a combined share of 10% of the country's electrical generation, already meeting the government's 2030 goal, suggesting future displacement of growth of coal capacity. By the end of 2020, the total installed capacity of solar and wind power had reached over 17 GW. Over 25% of total power capacity is from variable renewable energy sources. The commercial biomass electricity generation is currently slow and limited to valorizing bagasse only, but the stream of forest products, agricultural and municipal waste is increasing. The government is studying a renewable portfolio standard that could promote this energy source.

<span class="mw-page-title-main">Adani Green Energy</span> Indian renewable energy company

Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by Indian conglomerate Adani Group and minority-owned by TotalEnergies. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

References

  1. "2030 Annual Report" (PDF).
  2. "2020 Annual Report" (PDF).
  3. "2020 Annual Report" (PDF).
  4. "2020 Annual Report" (PDF).
  5. "2021 Fact Sheet".
  6. "Northland Power - Company Overview". www.northlandpower.com. Retrieved 2021-02-19.
  7. 1 2 3 "Northland Power Investment Overview". Northland Power. February 19, 2021.
  8. "2010 Annual Information Form (Northland Power)" (PDF). www.sedarpush.com. Retrieved 2019-09-18.
  9. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 "Northland Power - What We Do". www.northlandpower.com.
  10. "Gemini website". geminiwindpark.nl. Retrieved 2020-05-29.
  11. "Nordsee One - Offshore Wind Farm in the North Sea". nordseeone.com. Retrieved 2020-05-29.
  12. "Empresa de Energía de Boyacá S.A E.S.P Homepage". ebsa.com.co (in Spanish). Retrieved 2020-05-29.
  13. "Northland Power - Hai Long". www.northlandpower.com. Retrieved 2021-02-19.
  14. "Northland Power - Baltic Power". www.northlandpower.com. Retrieved 2021-02-19.
  15. "Northland Power - Oneida". www.northlandpower.com. Retrieved 2021-02-19.