News

Northland Power and Gentari Renewables Announce Closing of Hai Long Partnership

TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announced the closing of its previously announced transaction with Gentari International Renewables Pte. Ltd., a subsidiary of clean energy solutions company Gentari Sdn Bhd (“Gentari”), pursuant to which Gentari has acquired 49 per cent of Northland’s ownership in the Hai Long offshore wind project located in Taiwan. Northland now holds a 30.6 per cent ownership interest in the...

NORTHLAND POWER SECURES FINAL TAX EQUITY FUNDING ON U.S.-BASED BLUESTONE AND BALL HILL WIND FARMS

TORONTO, December 22, 2023 – Northland Power Inc. (“Northland”) (TSX: NPI) has successfully secured final tax equity funding on U.S.-based Bluestone (112 MW) and Ball Hill (108 MW) onshore wind projects with J.P. Morgan. The two onshore wind facilities have been in operations and generating revenue under the 20-year PPA with the New York State Energy Research and Development Authority (“NYSERDA”) since October of this year. These projects are expected to contribute an aggregate of $42 million...

Northland Power Announces Appointment of Ellen Smith to Its Board of Directors

TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) announces the expansion of its Board of Directors from nine to ten members and the appointment of Ellen Smith as a Director, effective November 29, 2023.

Ms. Smith brings over 35 years of leadership experience within the power and utilities sector. After spending her early career at original equipment manufacturers GE Power Systems and Pratt & Whitney, Ms. Smith led a co-gen business...

Northland Extends Maturity Date of Its $500M Short Term Corporate Credit Facility for Hai Long to December 31, 2023

TORONTO, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announces that the maturity date of its $500 million short-term corporate credit facility related to its equity contribution in Hai Long has been extended from November 27, 2023 to December 31, 2023. The facility is expected to be repaid upon receipt of the proceeds from the Gentari Sell-Down (as defined in the Company’s Management’s Discussion and Analysis for the third quarter of...

Northland Power Reports Third Quarter 2023 Results

TORONTO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) reported today financial results for the three and nine months ended September 30, 2023. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated.

“Our third quarter financial results were solid and in line with our expectations. We are maintaining the low end of our Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow guidance for 2023. Despite the...