Northland Power

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 contracts that deliver predictable cash flows.[6]

Northland Power Inc.
Public
Traded asTSX: NPI
ISINCA6665111002 
IndustryPower generation
GenreIndependent Power Producer
Founded1987
FounderJames Temerty
Headquarters
Toronto, Ontario
,
Canada
Key people
John Brace, Chair
Mike Crawley, CEO
Pauline Alimchandani, CFO
Troy Patton, COO
Wendy Franks, EVP Strategy and Investment Management
Morten Melin, EVP Construction
David Povall, EVP Development
Revenue C$1.7 billion (2019)[1]
C$0.5 billion (2019)[2]
Total assets C$10.5 billion (2019)[3]
Total equity C$1.5 billion (2019)[4]
Number of employees
363 (2018)[5]
Websitewww.northlandpower.com

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 FallsOntarioNatural Gas120[9]
KingstonOntarioNatural Gas110[9]
Kirkland LakeOntarioBiomass, Natural Gas102[9]
North BattlefordSaskatchewanNatural Gas260[9]
Spy HillSaskatchewanNatural Gas86[9]
ThoroldOntarioNatural Gas265[9]
Grand BendOntarioOnshore Wind100[9]
Jardin d'ÉoleQuébecOnshore Wind127.5[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 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]
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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. "Northland Power Investment Overview". Northland Power. May 29, 2020.
  8. "2010 Annual Information Form (Northland Power)" (PDF). www.sedarpush.com. Retrieved 2019-09-18.
  9. "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.
  14. "Northland Power - La Lucha". www.northlandpower.com. Retrieved 2020-05-29.
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