News

Northland Power's Deutsche Bucht Offshore Wind Farm Achieves Full Project Completion

TORONTO, March 31, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX: NPI) confirmed today that its 252 megawatt (MW) Deutsche Bucht offshore wind project achieved full completion on March 31, 2020.

All 31 monopile foundation turbines have been generating power since the end of September 2019 and to date, have generated over €130 million of pre-completion revenues. Final completion marks the official end of construction and the start of the operational phase of the project, and also...

Northland Power Provides Business Update on COVID-19 Situation and Reiterates its 2020 Financial Guidance

TORONTO, March 30, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland" or the "Company") (TSX: NPI) provides an update on the coronavirus ("COVID-19") pandemic’s impacts on its operations. From a financial perspective, Northland has ample liquidity, a strong balance sheet and given the relative stability of its revenue and free cash flow profile, the Company currently does not anticipate changes to its 2020 financial guidance as a result of COVID-19.

Operational/Business Update

Northland...

Northland Power Provides an Update on Deutsche Bucht Offshore Wind Project

March 17, 2020

TORONTO, March 17, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX: NPI) today is providing an update regarding the installation of the two turbines utilizing mono bucket foundations ("Demonstrator Project") at its Deutsche Bucht offshore wind project. As announced on February 25, 2020, the installation of the Demonstrator Project was paused in the fourth quarter of 2019 following the identification of technical issues. An evaluation of the cause of the technical...

Northland Power Announces Appointment of New Chief Financial Officer

March 09, 2020

TORONTO, March 09, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) is pleased to announce the appointment of Pauline Alimchandani as Chief Financial Officer (CFO), effective April 13, 2020. Ms. Alimchandani will succeed Mr. Paul Bradley, following his retirement as CFO. Mr. Bradley will remain in an advisory capacity with the company for an appropriate period to ensure a smooth transition in CFO roles. 

Ms. Alimchandani will report to Northland’s CEO, Mike...

Northland Power Reports Fourth Quarter and Full Year 2019 Results

February 25, 2020

 

Reports Strong Operational Results and Accelerated Global Growth

TORONTO, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three months and year ended December 31, 2019.

“Our fourth quarter and full year 2019 results reflect another strong year for Northland, highlighted by expansion into Latin America through our first solar power project in Mexico and the acquisition of our first regulated...