Northland Power, founded in 1987, is one of Canada's largest independent power producers. It 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; as well as a 100 MW onshore wind farm in Grand Bend, Ontario currently in construction.
Northland’s strategy is to create shareholder value through continued operational excellence and disciplined growth. The company develops only projects that use clean-burning natural gas and renewable technologies, and for which there are available long-term power purchase agreements with creditworthy off-takers.
Northland has in-house development, initial plant design, financing and operations capabilities and a perfect record of on time on budget project delivery. A strong, seasoned management team with 35% ownership is aligned with shareholder interests.
Northland Power shares trade on the Toronto Stock Exchange under the symbol NPI. In November 2013, Standard and Poor upgraded Northland's rating to BBB (stable outlook). This rating was re-affirmed in July 2016.
See Northland Power’s Investor Kit.