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

Posted on Wednesday, May 17, 2023 05:56 PM

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

Posted on Tuesday, May 09, 2023 06:10 PM

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

Posted on Wednesday, April 05, 2023 08:55 PM

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...

Annual Report

Northland Power Reports Fourth Quarter and Full-Year 2022 Results

Posted on Thursday, February 23, 2023 09:02 PM

Company Delivers Strong Full-Year Financial Results, Achieving Record Level for Adjusted EBITDA in 2022

TORONTO, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) reported today financial results for the three months and year ended December 31, 2022. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated.

“Strong performance across all our facilities drove superior financial results in 2022, allowing the...

Oneida Energy Storage Rendering

Northland Power and Partners Execute Major Agreements for Oneida Energy Storage Project

Posted on Friday, February 10, 2023 11:45 AM

Canada’s largest battery energy storage project moves forward

TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland Power”) announces the successful execution of an Energy Storage Facility Agreement (ESFA) with the Independent Electricity System Operator (“IESO”) for the Oneida Energy Storage Project (“the Project”). The Project will benefit from a 20-year fixed price contract for revenue payments with the IESO in Ontario for the majority of the capacity from the project....