Baltic Power First Turbine

TORONTO, July 7, 2025 – Northland Power Inc. (TSX: NPI) is pleased to announce the successful installation of the first turbine at the Baltic Power project, a 1.1 GW offshore wind farm under construction in the Baltic Sea. Baltic Power is a joint venture between Northland and ORLEN Group that is expected to be Poland’s first operating offshore wind farm.  

The first15 MW Vestas V236 turbine, among the largest in the world, was installed safely and successfully, marking a critical construction milestone. In total, 76 turbines will be installed, generating enough clean electricity to power over 1.5 million Polish households – equivalent to 3% of the country’s electricity demand. The project is expected to achieve commercial operations in 2026. 

“This milestone signals continued progress for Baltic Power and reinforces our strong execution capabilities,” said Christine Healy, President and CEO of Northland Power. “We are proud to bring Poland’s first offshore wind farm to life.” 

Baltic Power is among the first in Europe to install 15 MW turbines. The turbines feature blades measuring over 115 meters and a rotor sweep area of nearly 44,000 square meters.  

“Installing the first turbines is a major technical and logistical achievement, and a testament to the strong planning and collaboration behind the project,” said Toby Edmonds, Executive Vice President of Offshore Wind at Northland Power. “As the first offshore wind project in Poland to enter the installation phase, Baltic Power is not only leading the way, it’s setting new benchmarks for the region’s renewable energy future.” 

Work continues across other parts of the project, including foundation and transition piece installation, export and inter-array cable preparations and onshore infrastructure. The service base in Łeba, Poland, opened in April 2025, supportsthe projects operations and maintenance activities.  

Baltic Power is a landmark development in Poland’s clean energy transformation and a core component of Northland’s global offshore wind portfolio. 

ABOUT NORTHLAND POWER 

Northland Power is a Canada-based global power producer dedicated to accelerating the global energy transition. Founded in 1987, with almost four decades of experience, Northland has a long history of developing, owning and operating a diversified mix of energy infrastructure assets including offshore and onshore wind, solar, battery energy storage, and natural gas. Northland also supplies energy through a regulated utility. 

Headquartered in Toronto, Canada, with global offices in seven countries, Northland owns or has an economic interest in 3.5 GW of gross operating generating capacity, 2.2 GW under construction and an inventory of early to mid-stage development opportunities encompassing approximately 10 GW of potential capacity. 

Publicly traded since 1997, Northland's Common Shares, Series 1 and Series 2 Preferred Shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A and NPI.PR.B, respectively. 

FORWARD-LOOKING STATEMENTS  

This news release contains statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that are provided for the purpose of presenting information about management’s current expectations and plans. Readers are cautioned that such statements may not be appropriate for other purposes. Northland’s actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, the events anticipated by the forward-looking statements may or may not transpire or occur. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “anticipates”, “expects,” “believes,” or negative versions thereof and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” These statements may include, without limitation, statements regarding Northland’s expectations for the completion of construction and anticipated timing thereof, the timing for and attainment of commercial operations, the expected generating capacity of the project, the expected emissions reduction potential of the project, and the future operations of the project, all of which may differ from the expectations stated herein. These statements are based upon certain material factors or assumptions that were applied in developing the forward-looking statements, including the design specifications of development of the project, the current construction schedule of the project, the provisions of contracts to which Northland or a subsidiary is a party, as well as other factors, estimates, and assumptions that are believed to be appropriate in the circumstances. Although these forward-looking statements are based upon management’s current reasonable expectations and assumptions, they are subject to numerous risks and uncertainties. Some of the factors include, but are not limited to, those described in the “Risks Factors” section of Northland’s Management’s Discussion and Analysis and Annual Information Form for the year ended December 31, 2024, which can be found at www.sedarplus.ca under Northland’s profile and on Northland’s website at northlandpower.com. Northland has attempted to identifyimportant factors that could cause actual results to materially differ from current expectations, however, there may be other factors that cause actual results to differ materially from such expectations. Northland’s actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and Northland cautions you not to place undue reliance upon any such forward-looking statements.  

The forward-looking statements contained in this release are, unless otherwise indicated, stated as of the date hereof and are based on assumptions that were considered reasonable as of the date hereof. Other than as specifically required by law, Northland undertakes no obligation to update any forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, whether as a result ofnew information, future events or results, or otherwise. 

 

For further information, please contact: 

Adam Beaumont, Senior Vice President, Capital Markets 
416-962-6262 
investorrelations@northlandpower.com 

Victor Gravili, Chief of Staff and Global Head of Brand & Communications 
647-288-1105 
communications@northlandpower.com