Northland Power

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Northland Power Inc.
Public
Traded as TSXNPI
Industry Power generation
Genre Independent Power Producer
Founded 1987
Founder James Temerty
Headquarters Toronto, Ontario, Canada
Key people
James Temerty, Chairman
John Brace, CEO
Revenue CAD$ 557.24m
CAD$ 167.02m
Total assets CAD$ 3,040.02m
Total equity CAD$ 952.74m
Number of employees
300
Website www.northlandpower.ca

Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 'clean' (natural gas) and 'green' (wind and solar) energy.

The Company owns or has a net economic interest in 1,394 MW of operating generating capacity and 932 MW (642 MW net to Northland) of generating capacity under construction, including a 60% equity stake in Gemini, a 600 MW offshore wind project, and an 85% equity stake in Nordsee One, a 332 MW offshore wind project, both located in the North Sea.

Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.

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

Conversion to Corporation[edit]

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.

Power Projects Controlled by Northland[edit]

Operational Power Projects[edit]

Name Location Fuel Source Capacity (MW) Ref
Cochrane Ontario Thermal 42 [1]
Kavelstorf and Eckolstädt Germany Wind 21.5 [2]
Glendale Ontario Solar 10 [3]
Iroquois Falls Ontario Natural Gas 120 [4]
Jardin d'Éole Québec Wind 127.5 [5]
Kingston Ontario Natural Gas 110 [6]
Kirkland Lake Ontario Biomass, Natural Gas 102 [7]
Mont Louis Quebec Wind 100 [8]
Spy Hill Saskatchewan Natural Gas 86 [9]
Thorold Ontario Natural Gas 265 [10]
North Battleford Saskatchewan Natural Gas 260 [11]
North Burgess Ontario Solar 10 [12]
Belleville North Ontario Solar 10 [13]
Belleville South Ontario Solar 10 [14]
Burk's Falls East Ontario Solar 10 [15]
Burk's Falls West Ontario Solar 10 [16]
Crosby Ontario Solar 10 [17]
Rideau Lakes Ontario Solar 10 [18]
McCann Ontario Solar 10 [19]
McLean's Mountain Ontario Wind 60 [20]
Abitibi Ontario Solar 10 [21]
Empire Ontario Solar 10 [22]
Martin's Meadows Ontario Solar 10

Projects Under Construction[edit]

Name Location Fuel Source Capacity (MW) Ref
Gemini The Netherlands Offshore Wind 600 [23]
Long Lakes Ontario Solar 10 [24]
Nordsee One Germany Offshore Wind 332 [25]

References[edit]

  1. ^ "Northland Power - Cochrane". www.northlandpower.ca. Retrieved 2015-09-02. 
  2. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  3. ^ "Northland Power - Glendale". www.northlandpower.ca. Retrieved 2015-09-02. 
  4. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  5. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  6. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  7. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  8. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  9. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  10. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  11. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  12. ^ "Northland Power - North Burgess". www.northlandpower.ca. Retrieved 2015-09-02. 
  13. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  14. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  15. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  16. ^ Northland Power Website, Northland Power Website, retrieved 2015-01-26 
  17. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  18. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  19. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  20. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  21. ^ "Northland Power - Abitibi". www.northlandpower.ca. Retrieved 2015-09-02. 
  22. ^ "Northland Power - Empire". www.northlandpower.ca. Retrieved 2015-09-02. 
  23. ^ Northland Power Website, Northland Power Website, retrieved 2015-01-26 
  24. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  25. ^ "Northland Power - Gemini (Off-shore wind)". www.northlandpower.ca. Retrieved 2015-09-02. 

External links[edit]