Issue 40 – Northland Power’s Investor Update on Offshore Wind Power

Northland Power (NPI-TSX) is a Toronto-based power producing company with operations in Asia, Europe, Latin America and North America. NPI owns or has ownership in 3.2 GW (giga-watts) of producing capacity and 2.6 GW under construction. Established in 1987, Northland has a strong track record of developing projects across multiple technologies, a disciplined and rigorous project development approach, and significant inventory of early and mid-stage opportunities that total approximately 20 GW of capacity. Only eight years ago NPI received most of its cash flow from gas-fired generation. Today, NPI sees the “vast majority” of cash flows from renewables and the company is a “top 10 global player” in offshore wind (source: Investor Update,Oct.2023).

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By Charles Marleau CIM® and William Mitchell CIM®

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