Northland Power

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Northland Power Inc.
Public
Traded asTSXNPI
IndustryPower generation
GenreIndependent Power Producer
Founded1987
FounderJames Temerty
Headquarters
Toronto, Ontario
,
Canada
Key people
James Temerty, Chairman
Mike Crawley, CEO
Paul Bradley, CFO
Troy Patton, COO
Morten Melin, EVP Construction
Open, EVP Development
RevenueIncrease C$1.56 billion (2018)[1]
Increase C$405 million (2018)[1]
Total assetsIncrease C$10.34 billion (2018)[1]
Total equityIncrease C$1.54 billion (2018)[1]
Number of employees
363[1]
Websitewww.northlandpower.com

Northland Power (TSX: NPI) is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, finances, builds, owns and operates power generation facilities in Canada and internationally that produce energy using wind, natural gas, biomass, and solar technology. Its goal is to create long-term investor value by operating their fleet of assets to the highest standard, and investing in additional power projects that generate stable cash flows in a sustainable manner.[citation needed]

The Company owns or has a net economic interest in 2,014 MW[2] of operating generating capacity and 269 MW[2] of generating capacity under construction, representing the Deutsche Bucht Offshore Wind Project ("Deutsche Bucht" or "DeBu"). Furthermore, Northland has a portfolio of projects in various stages of development in Europe, North America, and Asia.[citation needed]

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[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.[citation needed]

Power Projects Controlled by Northland[edit]

Operational Power Projects[edit]

Name Location Fuel Source Capacity (MW) Ref
Iroquois Falls Ontario Natural Gas 120 [3]
Kingston Ontario Natural Gas 110 [3]
Kirkland Lake Ontario Biomass, Natural Gas 102 [3]
North Battleford Saskatchewan Natural Gas 260 [3]
Spy Hill Saskatchewan Natural Gas 86 [3]
Thorold Ontario Natural Gas 265 [3]
Grand Bend Ontario Onshore Wind 100 [3]
Jardin d'Éole Québec Onshore Wind 127.5 [3]
McLean's Mountain Ontario Onshore Wind 60 [3]
Mont Louis Quebec Onshore Wind 100 [3]
Abitibi Ontario Solar 10 [3]
Belleville North Ontario Solar 10 [3]
Belleville South Ontario Solar 10 [3]
Burk's Falls East Ontario Solar 10 [3]
Burk's Falls West Ontario Solar 10 [3]
Crosby Ontario Solar 10 [3]
Empire Ontario Solar 10 [3]
Glendale Ontario Solar 10 [3]
Long Lakes Ontario Solar 10 [3]
Martin's Meadows Ontario Solar 10 [3]
McCann Ontario Solar 10 [3]
North Burgess Ontario Solar 10 [3]
Rideau Lakes Ontario Solar 10 [3]
Gemini The Netherlands Offshore Wind 600 [4]
Nordsee One Germany Offshore Wind 332 [5]

Projects Under Construction[edit]

Name Location Fuel Source Capacity (MW) Ref
Deutsche Bucht Germany Offshore Wind 269 [6]

References[edit]

  1. ^ a b c d e "2018 Annual Report".
  2. ^ a b "Northland Power Annual Report 2018". Northland Power. February 21, 2019.
  3. ^ 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.
  4. ^ "Northland Power - Recent Press Releases". www.northlandpower.com. Retrieved 2017-09-01.
  5. ^ "Nordsee One - Offshore Wind Farm in the North Sea". www.nordseeone.com. Retrieved 2018-03-09.
  6. ^ "Northland Power - Recent Press Releases". www.northlandpower.com. Retrieved 2017-09-01.

External links[edit]