About Northland Power
Northland Power is a Canada-based global power producer dedicated to accelerating the global energy transition. Founded in 1987, with almost four decades of experience, Northland has a long history of developing, owning and operating a diversified mix of energy infrastructure assets including offshore and onshore wind, solar, battery energy storage, and natural gas. Northland also supplies energy through a regulated utility.
Headquartered in Toronto, Canada, with global offices in seven countries, Northland owns or has an economic interest in 3.5 GW of gross operating generating capacity, 2.3 GW under construction and early to mid-stage development opportunities encompassing approximately 8 GW of potential capacity.
Publicly traded since 1997, Northland’s Common Shares, Series 1 and Series 2 Preferred Shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A and NPI.PR.B, respectively.
Our Track Record
Driving value through disciplined project delivery, operational excellence, and strategic growth.
As owner-operators we design projects with construction risk, operating performance, and long‑term cash flow in mind—not just development upside. We have a strong track record of building and operating power assets, across multiple technologies and regulatory environments.
Approximately 95% of our portfolio is contracted, spanning offshore wind, onshore renewables, storage, and natural gas across the global markets—driving stable, predictable cash flows. Our capabilities across technologies allow us to deliver the solutions communities need while deploying capital where returns are strongest. We continue to pursue growth in our core markets of Canada and Europe, where we have an established footprint.
We take a disciplined approach to growth by focusing on: enhancing value from our existing fleet, advancing the strongest projects in our development pipeline, and pursuing selective acquisitions that are value-accretive. Every opportunity that passes through our investment funnel competes for capital based on return, risk, and timing. That means pacing growth deliberately, concentrating our efforts in established core markets, and continuously evaluating our pipeline to prioritize projects where we have the strongest market position and the clearest path to value creation.
We ensure every investment delivers long-term shareholder value, with an equity return target of 12% or greater, with higher thresholds applied based on risk. We apply this discipline consistently across our portfolio—prioritizing opportunities that strengthen our position in core markets and deliver attractive, risk-adjusted returns. Supported by a flexible funding strategy and investment-grade balance sheet, we are positioned to execute on our growth ambitions while maintaining a sustainable dividend. This disciplined approach underpins our target cash flow per share growth. Driven by focused capital allocation, cost efficiencies, and ongoing portfolio optimizations.
