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Northland Power
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Short description

Developer of renewable energy projects supported by long-term power purchase agreements

Founded in 1987
Founded in

Company type Public Public (NPI.TO)
Company type

Industry Group energy & power

Sector wind

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Toronto, ON Toronto, Canada
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Updated by Cleantech Group on 09/14/2021

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Date Company
Partnerships
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Date Partner Type
05/14/2014
Siemens Project Ventures Siemens Project Ventures
Canada’s Northland Power has reached an agreement with Siemens Project Ventures, HVC and Van Oord on the financing of their joint project Gemini. When completed, Gemini will be one of the largest offshore wind projects in the world. The overall construction costs amount to €2.8 billion ($3.84 billion).
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Confirmed by Siemens Project Ventures
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IPO INFORMATION

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Ticker symbol

NPI.TO

Exchange listed

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Prospectus

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Description

Date Investors Type Amount
07/18/2012 Union Bank NA Union Bank NA , Mizuho Corporate Bank Mizuho Corporate Bank , CIT Group CIT Group (3)
Post-money valuation of
Northland Power has secured $227million in financing for the first phase of its 130MW ground-mount power programme in eastern and central Ontario, Canada.
Project Finance $227,000,000
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