Northland Power
 |
|
| Public | |
| Traded as | : NPI |
| Industry | Power generation |
| Genre | Independent Power Producer |
| Founded | 1987 |
| Founder | James Temerty |
| Headquarters | Toronto, Ontario, Canada |
|
Key people
|
James Temerty, Chairman John Brace, CEO |
| Revenue | CAD$ 557.24m |
| CAD$ 167.02m | |
| Total assets | CAD$ 3,040.02m |
| Total equity | CAD$ 952.74m |
|
Number of employees
|
300 |
| Website | www.northlandpower.ca |
Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 'clean' (natural gas) and 'green' (wind and solar) energy.
The Company owns or has a net economic interest in 1,394 MW of operating generating capacity and 932 MW (642 MW net to Northland) of generating capacity under construction, including a 60% equity stake in Gemini, a 600 MW offshore wind project, and an 85% equity stake in Nordsee One, a 332 MW offshore wind project, both located in the North Sea.
Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.
Northland's common shares, Series 1 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.
In 2009, Northland Power Income Fund acquired and merged with Northland Power Inc. This transaction was motivated by the Government of Canada's elimination of preferential tax treatment for income trusts, which has prompted a mass conversion of Canadian income trusts into regular corporations. On June 21, 2010, Northland's unitholders approved management's plan to convert to a corporation effective January 1, 2011.
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Wikipedia