Northland Power
Public | |
Traded as | TSX: NPI |
Industry | Power generation |
Genre | Independent Power Producer |
Founded | 1987 |
Founder | James Temerty |
Headquarters | Toronto, Ontario, Canada |
Key people |
John Brace, CEO Sean Durfy, President & Chief Development Officer James Temerty, Chairman |
Revenue | CAD$ 557.24m |
CAD$ 167.02m | |
Total assets | CAD$ 3,040.02m |
Total equity | CAD$ 952.74m |
Number of employees | 230 |
Website | www.northlandpower.ca |
Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce natural gas and wind, solar, and hydro energy.
The company owns or has a net economic interest in over 1,300 MW of operating generating capacity, with an additional pipeline of wind, solar and run-of-river hydro projects with awarded power contracts. In addition, Northland has majority equity stakes in two offshore wind projects in Europe. Gemini is a 600 MW offshore wind project in the North Sea near the Netherlands and Nordsee One a 332 MW offshore wind project in the North Sea near Germany. Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.
Northland's common shares, Series 1 and Series 3 preferred shares and convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, NPI.DB.B and NPI.DB.C, respectively.
Northland's management holds an ownership stake in the firm of approximately 38%.
Conversion to Corporation
In 2009, Northland Power Income Fund acquired and merged with Northland Power Inc. This transaction was motivated by the Government of Canada's elimination of preferential tax treatment for income trusts, which has prompted a mass conversion of Canadian income trusts into regular corporations. On June 21, 2010, Northland's unitholders approved management's plan to convert to a corporation effective January 1, 2011.
Power Projects Controlled by Northland
Operational Power Projects
Name | Location | Fuel Source | Capacity (MW) | Ref |
---|---|---|---|---|
Cochrane | Ontario | Biomass, Natural Gas | 42 | [1] |
Kavelstorf and Eckolstädt | Germany | Wind | 21.5 | [2] |
Iroquois Falls | Ontario | Natural Gas | 120 | [3] |
Jardin d'Éole | Québec | Wind | 127.5 | [4] |
Kingston | Ontario | Natural Gas | 110 | [5] |
Kirkland Lake | Ontario | Biomass, Natural Gas | 102 | [6] |
Mont Louis | Quebec | Wind | 100 | [7] |
Spy Hill | Saskatchewan | Natural Gas | 86 | [8] |
Thorold | Ontario | Natural Gas | 265 | [9] |
North Battleford | Saskatchewan | Natural Gas | 260 | [10] |
Belleville North | Ontario | Solar | 10 | [11] |
Belleville South | Ontario | Solar | 10 | [12] |
Burk's Falls East | Ontario | Solar | 10 | [13] |
Burk's Falls West | Ontario | Solar | 10 | [14] |
Crosby | Ontario | Solar | 10 | [15] |
Rideau Lakes | Ontario | Solar | 10 | [16] |
McCann | Ontario | Solar | 10 | [17] |
McLean's Mountain | Ontario | Wind | 60 | [18] |
Projects Under Construction
Name | Location | Fuel Source | Capacity (MW) | Ref |
---|---|---|---|---|
Gemini | The Netherlands | Offshore Wind | 600 | [19] |
Abitibi | Ontario | Solar | 10 | [20] |
Empire | Ontario | Solar | 10 | [21] |
Long Lakes | Ontario | Solar | 10 | [22] |
Martin's Meadows | Ontario | Solar | 10 | [23] |
Projects in Advanced Development Stage
Name | Location | Fuel Source | Capacity (MW) | Ref |
---|---|---|---|---|
Nordsee One | The Netherlands | Offshore Wind | 332 | [24] |
Grand Bend | Ontario | Wind | 100 | [25] |
References
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2012-01-11
- ↑ Northland Power Website, Northland Power Website, retrieved 2012-01-11
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2012-01-11
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2015-01-26
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2015-01-26
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2010-11-30
- ↑ Northland Power Website, Northland Power Website, retrieved 2015-01-26
- ↑ Northland Power Website, Northland Power Website, retrieved 2012-01-11