Northland Power Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Nigel Slater
- Full Time Employees
- 1,339
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- 30 St. Clair Avenue West Toronto ON Canada M4V 3A1
- IPO Date
- Apr 3, 2008
- Website
- northlandpower.com
- Similar Companies
- Business
- Northland Power Inc. is a Canadian-based global power producer specializing in the development, ownership, and operation of clean energy infrastructure. Founded in 1987 and headquartered in Toronto, Ontario, the company generates electricity primarily from offshore and onshore wind, solar, natural gas, and battery energy storage assets. Its portfolio includes operating facilities and projects across Canada, the United States, Germany, Europe, and Asia, serving wholesale and regulated markets through power purchase agreements and other revenue arrangements. Northland Power’s main products and services encompass renewable energy generation from offshore wind farms such as the Hai Long Offshore Wind Project in Taiwan and the Baltic Power project in the Baltic Sea; onshore wind and solar power production; natural gas-fired power facilities including peaker plants for grid stability; and battery energy storage systems that complement and enhance grid reliability. The company manages approximately 3.5 gigawatts of operating capacity with an active construction pipeline of around 2.2 gigawatts, targeting a diversified energy mix. Recent developments include the successful energization and grid connection of the Hai Long Offshore Wind Project ahead of schedule, the installation of key offshore substations for the Baltic Power project with commercial operations expected in 2026, the acquisition of two battery storage projects to expand its energy storage footprint, and strategic growth initiatives aimed at doubling gross operating capacity to 7 gigawatts by 2030. Northland also executed executive leadership changes in 2025 and implemented a dividend cut to support capital expenditures on growth and construction projects, reflecting a shift toward larger-scale offshore wind and clean energy investments globally. The company remains committed to sustainability, including a goal of net-zero emissions by 2040 and ongoing advancements in clean energy technologies and infrastructure across multiple regions.
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