Northland Power (TSX: NPI) is a Toronto-based power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates clean and green power infrastructure assets in Asia, Europe, Latin America, North America, and other selected global jurisdictions that produce electricity from clean-burning natural gas and renewable resources such as wind and solar technology.[6]
 | |
| Company type | Public |
|---|---|
| TSX: NPI | |
| Industry | Power generation |
| Genre | Independent Power Producer |
| Founded | 1987 |
| Founder | James C. Temerty and Alexander Juchymenko |
| Headquarters | Toronto, Ontario , Canada |
Key people | John Brace, Chairman of the Board and Interim President & CEO Adam Beaumont, CFO (interim) Yonni Fushman, Chief Administrative and Legal Officer Rachel Stephenson, Chief People Officer Michelle Chislett, Executive VP, Onshore Renewables Calvin MacCormack, Executive VP, Natural Gas and Utilities Toby Edmonds, Executive VP, Offshore Renewables Pierre-Emmanuel Frot, Executive VP, Project Management Office |
| Revenue |  Can$2.1 billion (2020)[1] |
| Can$0.5 billion (2020)[2] | |
| Total assets | Can$11.4 billion (2020)[3] |
| Total equity | Can$2 billion (2020)[4] |
Number of employees | 1,154 (2020)[5] |
| Website | www |
The company owns or has a gross 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. In advanced development, Northland has 300 MW of onshore wind under advanced development across three projects in New York State, a 60% equity stake in the 1,044 MW Hai Long project off the coast of Taiwan and a 49% equity stake in the up to 1,200 MW Baltic Power project off the coast of Poland. Northland also operates a regulated utility business in Colombia and has a portfolio of projects in various stages of development in the Americas, Asia and Europe.[7]
Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C respectively.
Conversion to corporation
editIn 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
editOperational power projects
edit| Name | Location | Fuel Source | Capacity (MW) | Ref |
|---|---|---|---|---|
| Iroquois Falls | Ontario | Natural Gas | 120 | [9] |
| Kingston | Ontario | Natural Gas | 110 | [9] |
| Kirkland Lake | Ontario | Biomass, Natural Gas | 132 | [9] |
| North Battleford | Saskatchewan | Natural Gas | 260 | [9] |
| Spy Hill | Saskatchewan | Natural Gas | 86 | [9] |
| Thorold | Ontario | Natural Gas | 265 | [9] |
| Grand Bend | Ontario | Onshore Wind | 100 | [9] |
| Jardin d'Éole | Québec | Onshore Wind | 134 | [9] |
| McLean's Mountain | Ontario | Onshore Wind | 60 | [9] |
| Mont Louis | Quebec | Onshore Wind | 100 | [9] |
| Abitibi | Ontario | Solar | 10 | [9] |
| Belleville North | Ontario | Solar | 10 | [9] |
| Belleville South | Ontario | Solar | 10 | [9] |
| Burk's Falls East | Ontario | Solar | 10 | [9] |
| Burk's Falls West | Ontario | Solar | 10 | [9] |
| Crosby | Ontario | Solar | 10 | [9] |
| Empire | Ontario | Solar | 10 | [9] |
| Glendale | Ontario | Solar | 10 | [9] |
| Long Lakes | Ontario | Solar | 10 | [9] |
| Martin's Meadows | Ontario | Solar | 10 | [9] |
| McCann | Ontario | Solar | 10 | [9] |
| North Burgess | Ontario | Solar | 10 | [9] |
| Rideau Lakes | Ontario | Solar | 10 | [9] |
| Bluestone | United States | Onshore Wind | 112 | [9] |
| Ball Hill | United States | Onshore Wind | 108 | [9] |
| Deutsche Bucht | Germany | Offshore Wind | 252 | [9] |
| Gemini | The Netherlands | Offshore Wind | 600 | [10] |
| Nordsee One | Germany | Offshore Wind | 332 | [11] |
| EBSA | Colombia | Regulated Utility | 480,000+ (Customer Connections) | [12] |
Projects under advanced development and construction
edit| Name | Location | Fuel Source | Capacity (MW) | Ref |
|---|---|---|---|---|
| Hai Long | Taiwan | Offshore Wind | 1,044 | [13] |
| Baltic Power | Poland | Offshore Wind | 1,140 | [14] |
| Oneida | Ontario | Battery Energy Storage | 250 | [15] |
References
edit- ^ "2030 Annual Report" (PDF).
- ^ "2020 Annual Report" (PDF).
- ^ "2020 Annual Report" (PDF).
- ^ "2020 Annual Report" (PDF).
- ^ "2021 Fact Sheet".
- ^ "Northland Power - Company Overview". www.northlandpower.com. Retrieved 2021-02-19.
- ^ a b c "Northland Power Investment Overview". Northland Power. February 19, 2021.
- ^ "2010 Annual Information Form (Northland Power)" (PDF). www.sedarpush.com. Retrieved 2019-09-18.
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y z "Northland Power - What We Do". www.northlandpower.com.
- ^ "Gemini website". geminiwindpark.nl. Retrieved 2020-05-29.
- ^ "Nordsee One - Offshore Wind Farm in the North Sea". nordseeone.com. Retrieved 2020-05-29.
- ^ "Empresa de Energía de Boyacá S.A E.S.P Homepage". ebsa.com.co (in Spanish). Retrieved 2020-05-29.
- ^ "Northland Power - Hai Long". www.northlandpower.com. Retrieved 2021-02-19.
- ^ "Northland Power - Baltic Power". www.northlandpower.com. Retrieved 2021-02-19.
- ^ "Northland Power - Oneida". www.northlandpower.com. Retrieved 2021-02-19.