Northland Power is an independent power producer that owns and operates green power resources totaling 3.2 GW (gross) of capacity, of which 65% is generated by wind power. In addition, Northland has an extensive backlog of projects under construction or in an advanced stage of development, dominated by commitments to offshore wind power. The company is headquartered in Toronto, Canada with a large, diversified global footprint that operates capacity or has advanced development projects in Canada, Colombia, Poland, Germany, the U.S., Taiwan, and Mexico. Earlier stage partnerships have been established in Korea and Japan. The scale and geographic distribution of Northland’s facilities make it a well-regarded partner or purchaser for additional renewable assets, particularly offshore wind assets.
Northland established its commitment to managed, green power generation through its early work, 30 years ago, with clean-burning natural gas underpinned by long-term revenue contracts. The company has continued this financial strategy, allowing it to grow future capacity systematically by building on the predictable cash flows of capacity already in place. The company’s strong EBITDA cashflow will allow it to continue to grow and to pay a significant current yield (3%) to shareholders while fulfilling its renewables mission.