Northland Power Inc.
TypePublic
TSX: NPI
IndustryPower generation
GenreIndependent Power Producer
Founded1987
FounderJames C. Temerty
Headquarters
Toronto, Ontario
,
Canada
Key people
John Brace, Chair
Mike Crawley, CEO
Pauline Alimchandani, CFO
Wendy Franks, EVP Strategy and Investment Management
Morten Melin, EVP Construction
David Povall, EVP Development
Michael Shadbolt, VP and General Counsel
Rachel Stephenson, Chief People Officer
RevenueIncrease Can$2.1 billion (2020)[1]
Increase Can$0.5 billion (2020)[2]
Total assetsIncrease Can$11.4 billion (2020)[3]
Total equityIncrease Can$2 billion (2020)[4]
Number of employees
1,154 (2020)[5]
Websitewww.northlandpower.com

Northland Power (TSX: NPI) is a 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]

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

Name Location Fuel Source Capacity (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]
Deutsche BuchtGermanyOffshore Wind252[9]
GeminiThe NetherlandsOffshore Wind600[10]
Nordsee OneGermanyOffshore Wind332[11]
EBSAColombiaRegulated Utility480,000+ (Customer Connections)[12]

Projects under advanced development and construction

Name Location Fuel Source Capacity (MW) Ref
Ball HillNew YorkOnshore Wind100[13]
BluestoneNew YorkOnshore Wind124 (up to)[14]
Hai LongTaiwanOffshore Wind1,044[15]
High BridgeNew YorkOnshore Wind100[16]
La LuchaMexicoSolar130[17]

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 "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 - Ball Hill". www.northlandpower.com. Retrieved 2021-02-19.
  14. ↑ "Northland Power - Bluestone". www.northlandpower.com. Retrieved 2021-02-19.
  15. ↑ "Northland Power - Hai Long". www.northlandpower.com. Retrieved 2021-02-19.
  16. ↑ "Northland Power - High Bridge". www.northlandpower.com. Retrieved 2021-02-19.
  17. ↑ "Northland Power - La Lucha". www.northlandpower.com. Retrieved 2021-02-19.
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