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Northland Power

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Northland Power Inc.
Company typePublic
TSX: NPI
IndustryPower generation
GenreIndependent Power Producer
Founded1987
FounderJames Temerty
Headquarters
Toronto, Ontario
,
Canada
Key people
John Brace, Chair
Mike Crawley, CEO
Paul Bradley, CFO
Troy Patton, COO
Morten Melin, EVP Construction
David Povall, EVP Development
RevenueIncrease C$1.7 billion (2019)[1]
Increase C$0.5 billion (2019)[2]
Total assetsIncrease C$10.5 billion (2019)[3]
Total equityDecrease C$1.5 billion (2019)[4]
Number of employees
363 (2018)[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 power infrastructure assets in Canada, Europe and other selected global jurisdictions that produce energy using wind, natural gas, biomass, and solar technology. Its goal is to continually increase shareholder value by creating high-quality projects underpinned by revenue contractors that deliver predictable cash flows.[6]

The Company owns or has a net 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. Furthermore, Northland has a portfolio of projects in various stages of development in the Americas, Asia and Europe.[7]

Northland's common shares, Series 1 and Series 3 preferred shares and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, and NPI.DB.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 Falls Ontario Natural Gas 120 [9]
Kingston Ontario Natural Gas 110 [9]
Kirkland Lake Ontario Biomass, Natural Gas 102 [9]
North Battleford Saskatchewan Natural Gas 260 [9]
Spy Hill Saskatchewan Natural Gas 86 [9]
Thorold Ontario Natural Gas 265 [9]
Grand Bend Ontario Onshore Wind 100 [9]
Jardin d'Éole Québec Onshore Wind 127.5 [9]
McLean's Mountain Ontario Onshore Wind 60 [9]
Mont Louis Quebec Onshore Wind 100 [9]
Abitibi Ontario Solar 10 [9]
Belleville North Ontario Solar 10 [9]
Belleville South Ontario Solar 10 [9]
Burk's Falls East Ontario Solar 10 [9]
Burk's Falls West Ontario Solar 10 [9]
Crosby Ontario Solar 10 [9]
Empire Ontario Solar 10 [9]
Glendale Ontario Solar 10 [9]
Long Lakes Ontario Solar 10 [9]
Martin's Meadows Ontario Solar 10 [9]
McCann Ontario Solar 10 [9]
North Burgess Ontario Solar 10 [9]
Rideau Lakes Ontario Solar 10 [9]
Deutsche Bucht Germany Offshore Wind 252 [10]
Gemini The Netherlands Offshore Wind 600 [11]
Nordsee One Germany Offshore Wind 332 [12]
EBSA Colombia Regulated Utility 480,000+ (Customer Connections) [13]

Projects Under Construction

Name Location Fuel Source Capacity (MW) Ref
La Lucha Mexico Solar 130 [14]

References

  1. ^ "2019 Annual Report" (PDF).
  2. ^ "2019 Annual Report" (PDF).
  3. ^ "2019 Annual Report" (PDF).
  4. ^ "2019 Annual Report" (PDF).
  5. ^ "2018 Fact Sheet" (PDF).
  6. ^ "Northland Power - Company Overview". www.northlandpower.com. Retrieved 2019-09-18.
  7. ^ a b c "Northland Power Investment Overview". Northland Power. May 29, 2020.{{cite web}}: CS1 maint: url-status (link)
  8. ^ "2010 Annual Information Form (Northland Power)" (PDF). www.sedarpush.com. Retrieved 2019-09-18.
  9. ^ a b c d e f g h i j k l m n o p q r s t u v w "Northland Power - What We Do". www.northlandpower.com.
  10. ^ "Deutsche Bucht Website". www.owf-deutsche-bucht.de. Retrieved 2020-05-29.
  11. ^ "Gemini website". geminiwindpark.nl. Retrieved 2020-05-29.
  12. ^ "Nordsee One - Offshore Wind Farm in the North Sea". nordseeone.com. Retrieved 2020-05-29.
  13. ^ "Empresa de Energía de Boyacá S.A E.S.P Homepage". ebsa.com.co (in Spanish). Retrieved 2020-05-29. {{cite web}}: Cite has empty unknown parameter: |1= (help)
  14. ^ "Northland Power - La Lucha". www.northlandpower.com. Retrieved 2020-05-29.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Northland_Power&oldid=959595921"