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
Christine Healy, President and CEO
Jeff Hart, Chief Financial 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
Jaime Hurtado Cola, General Counsel
RevenueIncrease2.svg Can$2.3 billion (2024) [1]
Increase2.svg Can$0.3 billion (2024) [2]
Total assets Increase2.svg Can$14 billion (2024) [3]
Total equity Increase2.svg Can$4.5 billion (2024) [4]
Number of employees
1,200 (2024) [5]
Website www.northlandpower.com

Northland Power (TSX: NPI) is a Canadian-owned global power producer. Founded in 1987, Northland has a history of developing, owning and operating a diversified mix of energy infrastructure assets including offshore and onshore wind, solar, natural gas and battery energy storage. Northland also supplies energy through a regulated utility.

Contents

Headquartered in Toronto, Canada, with global offices in seven countries, Northland owns or has an economic interest in 3.5 GW of gross operating generating capacity and a significant inventory of early to mid-stage development opportunities encompassing approximately 11 GW of potential capacity.

Publicly traded since 1997, Northland's Common Shares, Series 1 and Series 2 Preferred Shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A and NPI.PR.B, respectively. [6]

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. [7]

Power projects controlled by Northland

Operational power projects

NameLocationFuel SourceCapacity (MW)Ref
Kirkland LakeOntarioBiomass, Natural Gas132 [8]
North BattlefordSaskatchewanNatural Gas260 [8]
Spy HillSaskatchewanNatural Gas86 [8]
ThoroldOntarioNatural Gas265 [8]
Grand BendOntarioOnshore Wind100 [8]
Jardin d'ÉoleQuébecOnshore Wind134 [8]
McLean's MountainOntarioOnshore Wind60 [8]
Mont LouisQuebecOnshore Wind100 [8]
AbitibiOntarioSolar10 [8]
Belleville NorthOntarioSolar10 [8]
Belleville SouthOntarioSolar10 [8]
Burk's Falls EastOntarioSolar10 [8]
Burk's Falls WestOntarioSolar10 [8]
CrosbyOntarioSolar10 [8]
EmpireOntarioSolar10 [8]
GlendaleOntarioSolar10 [8]
Long LakeOntarioSolar10 [8]
Martin's MeadowsOntarioSolar10 [8]
McCannOntarioSolar10 [8]
North BurgessOntarioSolar10 [8]
Rideau LakesOntarioSolar10 [8]
Oneida OntarioBattery Energy Storage250 [9]
Spanish SolarSpainSolar116
Spanish Onshore WindSpainOnshore Wind435
BluestoneUnited StatesOnshore Wind112 [8]
Ball HillUnited StatesOnshore Wind108 [8]
Deutsche BuchtGermanyOffshore Wind252 [8]
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]
ScotWindScotlandOffshore Wind2,340
Jurassic BESS AlbertaSolar and Battery Energy StorageBattery Energy Storage: 80MW

Solar: 220 MW

References

  1. ↑ "2020 Annual Report" (PDF).
  2. ↑ "2020 Annual Report" (PDF).
  3. ↑ "2024 Annual Report" (PDF).
  4. ↑ "2024 Annual Report" (PDF).
  5. ↑ "2021 Fact Sheet".
  6. ↑ "Northland Power - Company Overview". www.northlandpower.com. Retrieved 2021-02-19.
  7. ↑ "2010 Annual Information Form (Northland Power)" (PDF). www.sedarpush.com. Retrieved 2019-09-18.
  8. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 "Northland Power - What We Do". www.northlandpower.com.
  9. ↑ "Northland Power - Oneida". www.northlandpower.com. Retrieved 2021-02-19.
  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.
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