Our Strategy

Energize 2030

Explore the strategic priorities and targets guiding Northland’s growth and long-term value creation through 2030.

Creating Value that Lasts

Built around three strategic priorities: Deliver, Strengthen, and Grow, Energize 2030 is our roadmap for creating long-term value. Through disciplined execution, operational excellence, and selective growth, we are focused on delivering strong performance today while positioning the company to capitalize on the opportunities of tomorrow’s energy future.

This strategy guides how we allocate capital, manage risk, develop our people, and invest in the markets and technologies where we can create the greatest value for shareholders, partners, communities, and employees.

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Our 2030 Targets

Through Energize 2030, Northland is focused on delivering today, strengthening our business for tomorrow, and growing for the future. By combining disciplined execution with a long-term perspective, we are building a stronger company positioned to create lasting value for shareholders, communities, and partners.

7 GW

gross operating capacity by 2030

1.4–1.8 GW

new gross capacity growth

$50 M

annual cost savings by 2028

~$5.8 - $6.8

5 year expected total gross investment

12 %+

target project returns

$1.55 - $1.75

expected free cash flow per share

Deliver

Turning Projects into Performance.

We are focused on safely and successfully delivering our projects under construction while maximizing the performance of our operating portfolio. Strong execution, disciplined project management, and operational excellence are essential to converting investments into long-term cash flow and value creation.

Lead in health, safety & environment
Execute projects safely and efficiently
Operate with excellence
Foster sustainable leadership & performance

Strengthen

Building a Stronger Foundation.

Long-term success requires a resilient business. We are strengthening our financial position, enhancing organizational capabilities, and improving how we operate to ensure Northland remains well-positioned to navigate changing markets and capitalize on future opportunities.

Maintain financial strength and balance sheet flexibility
Drive efficiency and cost optimization
Invest in growth and value enhancement initiatives

Grow

Investing for the Future.

We will grow selectively, pursuing opportunities that align with our expertise and meet our return expectations. Leveraging nearly four decades of experience as a developer, owner, and operator, we are focused on building a portfolio that creates sustainable value and supports the evolving energy needs of the markets we serve.

Deepen in core markets across Canada and Europe
High-grade project pipeline with 12%+ project returns in core markets
Enhance value across the fleet
Double gross operating capacity to 7 GW by 2030
Supplement organic growth with accretive asset acquisition
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