Northland Power

Northland Power (TSX: NPI) is a Canadian-owned global power producer. Founded in 1987, Northland has a 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.

Northland Power Inc.

Company type	Public
Traded as	TSX: NPI
Industry	Power generation
Genre	Independent Power Producer
Founded	1987
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
Revenue	Can$2.3 billion (2024)[1]
Net income	Can$0.3 billion (2024)[2]
Total assets	Can$14 billion (2024)[3]
Total equity	Can$4.5 billion (2024)[4]
Number of employees	1,200 (2024)[5]
Website	www.northlandpower.com

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

Name	Location	Fuel Source	Capacity (MW)	Ref
Kirkland Lake	Ontario	Biomass, Natural Gas	132	[8]
North Battleford	Saskatchewan	Natural Gas	260	[8]
Spy Hill	Saskatchewan	Natural Gas	86	[8]
Thorold	Ontario	Natural Gas	265	[8]
Grand Bend	Ontario	Onshore Wind	100	[8]
Jardin d'Éole	Québec	Onshore Wind	134	[8]
McLean's Mountain	Ontario	Onshore Wind	60	[8]
Mont Louis	Quebec	Onshore Wind	100	[8]
Abitibi	Ontario	Solar	10	[8]
Belleville North	Ontario	Solar	10	[8]
Belleville South	Ontario	Solar	10	[8]
Burk's Falls East	Ontario	Solar	10	[8]
Burk's Falls West	Ontario	Solar	10	[8]
Crosby	Ontario	Solar	10	[8]
Empire	Ontario	Solar	10	[8]
Glendale	Ontario	Solar	10	[8]
Long Lake	Ontario	Solar	10	[8]
Martin's Meadows	Ontario	Solar	10	[8]
McCann	Ontario	Solar	10	[8]
North Burgess	Ontario	Solar	10	[8]
Rideau Lakes	Ontario	Solar	10	[8]
Oneida	Ontario	Battery Energy Storage	250	[9]
Spanish Solar	Spain	Solar	116
Spanish Onshore Wind	Spain	Onshore Wind	435
Bluestone	United States	Onshore Wind	112	[8]
Ball Hill	United States	Onshore Wind	108	[8]
Deutsche Bucht	Germany	Offshore Wind	252	[8]
Gemini	The Netherlands	Offshore Wind	600	[10]
Nordsee One	Germany	Offshore Wind	332	[11]
EBSA	Colombia	Regulated Utility	480,000+ (Customer Connections)	[12]

Projects under advanced development and construction

Name	Location	Fuel Source	Capacity (MW)	Ref
Hai Long	Taiwan	Offshore Wind	1,044	[13]
Baltic Power	Poland	Offshore Wind	1,140	[14]
Jurassic BESS	Alberta	Solar and Battery Energy Storage	Battery Energy Storage: 80MW Solar: 220 MW