About Northland Power

Northland Power Inc. operates as an independent power producer. The company owns, develops, builds, and operates sustainable infrastructure assets that produce electricity from clean burning natural gas and renewable resources, such as wind, solar and biomass. As of December 31, 2020, the company owned or had a net economic interest in 2,266 megawatts (MW) of power-producing facilities with a total operating capacity of approximately 2,681 MW. Its power-producing facilities produce electricity from clean energy sources for sale primarily under long-term power purchase agreements (PPAs) or other revenue arrangements with creditworthy customers. The company’s utility is a distributor and retailer of electricity compensated under a regulated framework. Its operating assets are located in Canada, Germany, the Netherlands, and Colombia. Its principal assets under construction and under development are located in Mexico and Taiwan and New York, respectively. Acquisitions In February 2020, the company completed its acquisition of Dado Ocean Wind Farm Co. Ltd (Dado Ocean), an offshore wind development company based in South Korea with access to multiple early-stage development sites off the southern coast. In March 2020, the company completed the acquisition of an 88% ownership interest in a Mexican company, Northland Power Energía S.A. de C.V., which holds a qualified supplier license, which enables it to enter into contract with power generators and commercial and industrial customers, as well as provide retail electricity services. In July 2020, the company completed the acquisition of a 99.4% interest in the Colombian regulated power distribution utility, Empresa de Energía de Boyacá S.A E.S.P, the Colombian regulated power distribution utility. In the third quarter of 2020, the company completed the acquisition of three onshore wind projects in New York State to expand its North American portfolio with its entry into the U.S. renewables market. Subsequent to December 2020, the company entered into an agreement to acquire a 49% interest (subject to regulatory approvals) in an offshore wind project in the Baltic Sea (Baltic Power) with a total capacity of up to 1,200 MW of offshore wind generation. Baltic Power is a mid-development stage project located approximately 23 kilometers offshore from Poland’s coast in the Baltic Sea. History Northland Power Inc. was founded in 1987.