Northland’s Baltic Power Reaches First Power Delivering First Offshore Wind Electricity to Poland’s Grid
TORONTO, July 10, 2026 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announced that Baltic Power – its 1.1-gigawatt offshore wind project, owned 49% by Northland and 51% by ORLEN – has achieved first power, delivering the first electricity ever generated from offshore wind to Poland’s national grid.
“Today, the first electricity from offshore wind flows to Polish homes and businesses — a historic moment for the country,” said Christine Healy, President and CEO of Northland Power. “Northland is proud to stand with our partner ORLEN to launch the offshore wind industry in Poland. Together we are providing a more secure, resilient energy system for generations to come, and marking the start of a new chapter in Poland’s energy future.”
Once operational, Baltic Power is expected to generate approximately 4 terawatt-hours of electricity annually – enough to power more than 1.5 million Polish households.
Northland is playing an important role in building Poland’s offshore wind sector, drawing on its world-class development and operating experience. Baltic Power demonstrates Northland’s ability to deliver offshore wind projects at scale in partnership with industry and government.
Once operational, Baltic Power will add to Northland’s gross installed offshore wind capacity, increasing it from approximately 1.2 GW to 2.3 GW and reinforcing the Company’s position as one of the world’s leading offshore wind operators.
Northland continues its commitment in Poland through two grid-scale battery energy storage projects, totaling 300 MW / 1.2 GWh.
Construction and Commissioning Status
Offshore installation and commissioning activities continue, with 54 of the project’s 76 turbines installed. Work is focused on completing the remaining turbine installations and commissioning, and the project remains on track for commercial operations in the second half of 2026, with costs aligned with original expectations.
Project Overview
Baltic Power is Poland’s first offshore wind project, located approximately 23 kilometres off the Polish coast near Choczewo and Łeba and spanning 130 square kilometres of the Baltic Sea. Once complete, the project will consist of 76 Vestas turbines, each with a capacity of 15 MW. This is the largest turbine model available from European manufacturers, and Baltic Power is among the first wind farms in the world to install it.
The project is underpinned by a 25-year Contract for Difference secured from Poland’s Energy Regulatory Office in 2021.
ABOUT NORTHLAND POWER
Northland Power is a Canadian-headquartered global power producer delivering the electricity the world needs through offshore wind, onshore renewables, battery storage and natural gas-fired generation. With offices in seven countries, Northland owns or has an economic interest in 3.5 GW of gross operating generating capacity, 2.5 GW under construction and an approximately 8.0 GW development pipeline, reflecting nearly four decades of experience delivering large-scale energy infrastructure.
Publicly traded since 1997, Northland’s Common Shares, and 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.
FORWARD LOOKING INFORMATION
This news release contains statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that are provided for the purpose of presenting information about management’s current expectations and plans. Readers are cautioned that such statements may not be appropriate for other purposes. Northland’s actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, the events anticipated by the forward-looking statements may or may not transpire or occur. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “anticipates”, “expects,” “believes,” or negative versions thereof and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” These statements may include, without limitation, statements regarding Northland’s expectations for the timing of commercial operations and the cost expectations for the Project, all of which may differ from the expectations stated herein. These statements are based upon certain material factors or assumptions that were applied in developing the forward-looking statements, including the provisions of contracts to which Northland or a subsidiary is a party, as well as other factors, estimates, and assumptions that are believed to be appropriate in the circumstances. Although these forward-looking statements are based upon management’s current reasonable expectations and assumptions, they are subject to numerous risks and uncertainties. Some of the factors include, but are not limited to, those described in the “Risks Factors” section of Northland’s Management’s Discussion and Analysis and Annual Information Form for the year ended December 31, 2025, which can be found at www.sedarplus.ca under Northland’s profile and on Northland’s website at northlandpower.com. Northland has attempted to identify important factors that could cause actual results to materially differ from current expectations, however, there may be other factors that cause actual results to differ materially from such expectations. Northland’s actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and Northland cautions you not to place undue reliance upon any such forward-looking statements.
The forward-looking statements contained in this release are, unless otherwise indicated, stated as of the date hereof and are based on assumptions that were considered reasonable as of the date hereof. Other than as specifically required by law, Northland undertakes no obligation to update any forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
For further information, please contact:
Alison Holditch, Investor Relations
+1 416-989-8734
investorrelations@northlandpower.com
northlandpower.com
