Clean and green, innovative and disciplined

Northland Power develops and operates clean and green power generation projects, mainly in the provinces of Ontario, Quebec and Saskatchewan. Our facilities generate about 870 MW of electricity. We’ve been in business since 1987. Our units have been publicly traded since 1997.

Despite revenues of about $200 million, we’ve stayed lean, with a core team of 50 in our Toronto headquarters, plus 150 operations personnel at our facilities. Our senior leadership has been together for more than 15 years; several were part of Northland when we began.

Innovative

Northland has built a reputation for both technical and financial innovation. Our first project solved a Cochrane, Ontario, mill’s biohazard problem and was the first Canadian thermal plant to use unprocessed wood chips as fuel. Our Kirkland Lake facility was the first independent power project in Canada to attract institutional financing.

Since then, Northland’s development and financing strategies and in-house engineering capabilities have chalked up additional firsts for a Canadian independent power producer.

Disciplined

Northland is also a disciplined company. We pursue only projects that meet our return threshold, only when a long-term power purchase agreement (PPA) with a creditworthy buyer is available. We finance projects on a non-recourse basis, which means the project alone bears any risks.

As builders, we choose strong technology and construction partners, negotiate strong contracts and manage them carefully. And we are good power plant operators, with excellent reliability, safety, environmental and efficiency records.

The result is a strong balance sheet and a history of stable, attractive returns to our investors.

Well positioned

Northland benefits from an increasingly favourable business environment. Independent power production is now well accepted. Government policy strongly supports clean and green energy development. Long-term PPAs with public agencies have become the norm. With continued population and business growth in our markets, these trends point to a bright future for Northland.

The result is a company that’s a great place to work, that has earned the respect and trust of its customers, regulators, partners and communities, and that continues to be a good place to invest.