News

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...

Northland Power Expands Offshore Wind Pipeline in Asia With Acquisition of Development Company in South Korea

TORONTO, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX: NPI) announces the signing of an agreement to acquire Dado Ocean Wind Farm Co., Ltd. (“Dado Ocean”), a development company with multiple early stage offshore wind development sites near Chodo Island, off the south coast of South Korea. Dado Ocean is currently owned by Mr. Eui Jeong Hwang, an experienced wind power developer who will continue to support the project as a local partner, working together with...