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Clean and green, innovative and disciplined

Northland Power develops, builds, owns and operates clean and green power generation projects, mainly in the provinces of Ontario, Quebec and Saskatchewan. Our facilities generate over 1,300MW of electricity. We’ve been in business since 1987. Our units and shares have been publicly traded since 1997.

Despite revenues of about $360 million, we’ve stayed lean, with a core team of 90 in our Toronto headquarters, plus approximately 150 operations personnel at our facilities. Our senior leadership and management has over 200 years of experience in the energy industry with average tenure of 16 years.

Innovative

Northland has built a reputation for both technical and financial innovation. Our first project solved a Cochrane, Ontario, mill’s wood waste problem and was the first Canadian thermal plant to use unprocessed wood chips as fuel. Our Kirkland Lake facility was the first independent power project in Canada to attract institutional financing. Our Marmora Pumped Storage project would turn an abandoned mine site into Canada’s biggest storage battery, enabling the largest land reclamation undertaking in North America.

Northland’s development and financing strategies and in-house engineering capabilities continue to chalk up a number of firsts for a Canadian independent power producer.

Disciplined

Northland is also a disciplined company. We pursue only projects that meet our strict return threshold, only when a long-term power purchase agreement (PPA) with a creditworthy buyer is available. We generally finance projects on a non-recourse basis, which means the project alone bears any risks.

As builders, we choose proven technology and construction partners, negotiate strong contracts and manage them carefully. We are expert power plant operators, with excellent reliability, safety, environmental and efficiency records.

The result is a strong balance sheet and a history of stable, attractive returns to our investors.

Well positioned

Northland benefits from a favourable business environment. Independent power production is now well accepted. Government policy strongly supports clean and green energy development and often implements it through long-term PPAs with public agencies. With continued population and business growth in our markets, these trends point to a bright future for Northland.

The result is a company that’s a great place to work, that has earned the respect and trust of its customers, partners, communities and investors.

Inside Northland

Since its 1997 IPO, Northland Power has outperformed the Toronto Stock Exchange as an MORE

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