News

Northland Power Signs Power Purchase Agreement for Hai Long 2A Offshore Wind Project

TORONTO, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX: NPI) today announced that its subsidiary has executed a Power Purchase Agreement (“PPA”) with Taiwan Power Company (“Taipower”) for its Hai Long 2A offshore wind project, based on its 300 MW Feed-in-Tariff (“FIT”) allocation. Northland and its partner Yushan Energy Co. Ltd. (“Yushan Energy”) own 60% and 40% of Hai Long 2A, respectively. Hai Long 2A is the first of the three Hai Long projects (1,044 MW total capacity)...

Northland Power Reports Full Year and Fourth Quarter 2018 Results

TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three months and year ended December 31, 2018.

“2018 was a significant year for Northland. We continued to operate safely and efficiently, achieving strong growth in free cash flow and adjusted EBITDA,” said Mike Crawley, President and Chief Executive Officer of Northland. “Construction of Deutsche Bucht project remains on time and on budget, and...

Northland Power Announces Dates for Its Fourth Quarter and Year End December 31, 2018 Financial Results Release and Details of Investor Call

TORONTO, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces it will release its 2018 fourth quarter financial results after market close on February 21, 2019. Northland's management will hold an investor conference call at 10 a.m. Eastern Time (ET) on Friday February 22, 2019, followed by a question and answer period.

Conference call details:

Date: Friday February 22, 2019

Start Time: 10:00 a.m. ET

Phone Number: Toll free within North America:...

Northland Power Announces Completion of Early Redemption of 5.00% Extendible Convertible Unsecured Subordinated Debentures, Series B

TORONTO, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces that it has completed the early redemption of its 5.00% extendible convertible unsecured subordinated debentures, Series B, originally due June 30, 2019 (the “Debentures”).

Northland had approximately $77.0 million aggregate principal amount of the Debentures outstanding when it issued a redemption notice on November 16, 2018.  As permitted under the terms of the Debentures, certain holders...

Northland Power Announces TSX Approval of Normal Course Issuer Bid

TORONTO, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with a normal course issuer bid (“NCIB”) commencing December 17, 2018 and ending December 16, 2019.

Northland Power believes that the market price of its common shares (“Common Shares”) may trade in a price range that does not fully reflect their inherent value, and that the acquisition of the common shares...