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Northland Power Reports Third Quarter 2023 Results

Posted on Thursday, November 09, 2023 07:14 PM

TORONTO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) reported today financial results for the three and nine months ended September 30, 2023. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated.

“Our third quarter financial results were solid and in line with our expectations. We are maintaining the low end of our Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow guidance for 2023. Despite the...

Northland Power Announces Its Third Quarter 2023 Financial Results Release Date and Provides Investor Call and Webcast Details

Posted on Tuesday, October 10, 2023 09:21 PM

TORONTO, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces it will release its 2023 third quarter operating and financial results after markets close on Thursday, November 9, 2023. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Friday, November 10, 2023, followed by a question and answer period with analysts.

Conference call details:

Date: Friday, November 10, 2023

Start Time: 10:00 a.m. ET

Northland Power Announces Financial Close of the 1.0 GW Hai Long Offshore Wind Project in Taiwan Financing and Date for Investor Presentation Conference Call

Posted on Thursday, September 28, 2023 07:03 AM

TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (Northland) (TSX: NPI) today announced that its Hai Long offshore wind project (Hai Long or the project) in Taiwan has successfully met all conditions to close its 1171 billion New Taiwan Dollars long-term non-recourse green financing (equivalent of CAD 5 billion).

The non-recourse green project financing will be provided by over 15 international and local lenders with support from multiple Export Credit Agencies (ECAs) including:...

Northland Power Announces Financial Close of the 1.1 GW Baltic Power Offshore Wind Project in Poland Green Financing

Posted on Friday, September 22, 2023 04:33 PM

TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI), today announced that its Baltic Power offshore wind project (“Baltic Power” or the “project”) in Poland has met all conditions and reached financial close for its 20-year CAD-equivalent $5.2 billion non-recourse green financing.

A consortium of 25 financial institutions is supporting the project, including the European Investment Bank (EIB), European Bank for Reconstruction and...

Hai Long Signing

Northland Power Announces Signing of Credit Agreement for $5.0 Billion Project Financing at Hai Long Offshore Wind Project

Posted on Thursday, September 21, 2023 11:42 PM

Project Highlights

  • Hai Long is a 1.0 gigawatt (GW) offshore wind project being developed as a joint venture between Northland (60 per cent) and Mitsui & Co. (40 per cent).
  • The project is Northland’s first offshore wind project in Asia and fifth in Northland’s offshore wind portfolio.
  • Hai Long 2A (294 MW) benefits from a 20-year PPA with Taipower, and Hai Long 2B and 3 (728 MW) benefits from a 30-year Corporate Power Purchase Agreement (CPPA) with an investment grade counterparty (S&P: AA-).
  • Upon...