News

Northland Power Announces Sale of its 49 Per Cent Interest in the Nordseecluster Offshore Wind Projects to its Partner, RWE

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated September 7, 2022, to its short form base shelf prospectus dated June 16, 2021.

TORONTO, May 25, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “company”) (TSX: NPI) announces the sale of its full 49 per cent ownership stake in the Nordseecluster offshore wind portfolio (NSC) to its partner on the portfolio, RWE Offshore Wind GmbH (RWE). The sale provides...

Northland Power Reports on the 2023 Annual Meeting

TORONTO, May 18, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announced the results of the election of Directors at its Annual Meeting (“the Meeting”) held on May 18, 2023, in a virtual-only meeting format.

The total number of voting shares represented by shareholders present electronically and by proxy at the Meeting was 162,537,272, representing 64.51% of Northland’s outstanding voting shares.

The nine nominees proposed by Management for...

Northland Power Announces Financial Close for the Oneida Energy Storage Project & S&P and Fitch BBB (Stable) Ratings Affirmed

Project Highlights

• 250MW/1,000 MWh advanced stage, grid-connected lithium-ion battery storage project, representing the largest clean energy storage project in Canada
• Northland’s first investment in battery storage, providing immediate size and scale in Ontario and is the first of several new energy storage initiatives the Company is pursuing
• Project to benefit from 20-year capacity revenue contract with Ontario’s Independent Electricity System Operator (IESO)
• Provides critical capacity and...

Northland Power Reports First Quarter 2023 Results and Releases Its Annual Sustainability Report

First Quarter in Line with Expectations; On Track to Achieve Full Year Financial Guidance

TORONTO, May 09, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) reported today financial results for the three months ended March 31, 2023. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated.

“We are off to a good start in 2023 with first quarter results largely in line with expectations,” said Mike Crawley, Northland’s...

Northland Power Announces Its First Quarter 2023 Financial Results Release Date and Provides Investor Call and Webcast Details

TORONTO, April 05, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces it will release its 2023 first quarter operating and financial results after markets close on Tuesday, May 9, 2023. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Wednesday, May 10, 2023, followed by a question and answer period with analysts.

Conference call details:

Date: Wednesday, May 10, 2023

Start Time: 10:00 a.m. ET

Participants wishing...