Corporate Strategy

Northland aims to continually increase shareholder value by developing and acquiring high-quality projects supported by long-term revenue contracts and/or expertise in the relevant markets, while carefully managing and mitigating project risks. We focus on renewable and sustainable energy sources with the goal of improving the impact of resource usage in our environment.

We seek out technologies and jurisdictions where we can apply an early mover advantage and establish a meaningful presence. We inspire our people to achieve excellence in everything they do, embracing and living Northland’s values on a daily basis. Our on-time, on-budget project execution record and consistent investor returns result from these strategic choices.

To be a top clean and green developer, constructor, owner, and operator of sustainable infrastructure assets, inspiring our people to achieve a sustainable and prosperous future for all of our stakeholders.

  • Safety – Ensuring the health and safety of our people, partners and stakeholders is our top priority
  • Honesty & Integrity – Doing the right thing for all of our collective stakeholders
  • Respect – For ourselves, our partners, our host communities – and the environment
  • Commitment – Seeing a project or challenge through to its successful conclusion
  • Having Fun – Feeling passion and enthusiasm for our work drives our efforts
  • Pursuit of Excellence – Striving to be the best in everything that we do
  • Collaboration – Listening, sharing and working cooperatively is key to our success
  • Creativity – Finding innovative solutions that stimulate positive change and growth

High-quality Projects, Long-term Revenue Contracts, Risk Management:

Keys to our continued success include Northland’s ability to:

  • Identify and secure rights and/or sites for competitive project opportunities.
  • Balance our ability to be early movers with a keen emphasis on effectively managing risk.
  • Secure long-term contracts with creditworthy counterparties.
  • Correctly forecast the ingredients of project success (revenues, operating costs, capital costs, financing-related costs) and manage forecasts through the development and construction processes.

Expertise and Experience:

  • Northland has developed and operated successful power projects for over 31 years, combining development and engineering expertise with practical operational knowledge.
  • We are proficient across a variety of technologies and fuels, including various gas-fired turbine configurations, wind and solar power, and biomass.
  • Our expertise in financing has received international recognition, most recently for successfully closing the largest project-based financing for an offshore wind project in the world.

Ongoing Technical and Financial Innovation:

Northland has been a consistent innovator in the clean and green energy industry, introducing new technologies and financing approaches.

  • Our first facility, located in Cochrane, Ontario solved an Ontario mill’s wood waste 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.
  • Our 60% stake in the EUR2.8 billion Gemini North Sea wind project in the Netherlands marked the first European offshore wind project led by a Canadian power developer. 
  • We are also 85% owners of Nordsee One, a 332 MW offshore project located 40km off the coast of Germany, which further demonstrates our commitment to becoming a leader in the burgeoning offshore wind industry.


  • We develop only clean and green energy projects that meet our financial return threshold and available long-term revenue contracts with creditworthy off-takers.
  • We evaluate all projects regularly against our criteria and their probability of success.
  • We have a strong track record of on time and on budget project delivery and a history of long-term commercial success.

Financial and Operations Risk Management:

  • We primarily use non-recourse project financing to limit exposure to our equity investment in each project and to insulate the rest of Northland in the unlikely event that issues arise.
  • Non-recourse lenders submit projects through their own due diligence processes, adding more layers of risk oversight.
  • We pursue fixed-rate loans and ensure cash flow from the initial revenue contract will fully amortize the permanent project financing.
  • 2018 Annual Report

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  • 2018 Investor Day Presentation

    Continuing our goal to be a leader in the development and operation of sustainable energy assets in Canada and worldwide

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  • 2017 Sustainability Report

    Read our 2017 Sustainability Report

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