# Northland Power Inc./ADR

Northland Power Inc./ADR is an other based in Toronto, Canada.

## Overview

- **Organization type:** other
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** northlandpower.com

## Regulatory record

- **Reports private funds:** No

## About

Northland Power was founded in 1997 as a publicly traded entity (NYSE: NPI, TSX: NPI) focused on developing and operating power generation assets. The company transitioned early to renewables, becoming one of the few Western firms with deep offshore wind experience, anchored by its 600 MW Gemini offshore wind farm in the Netherlands (per the firm's 2023 annual report). The firm builds, owns, and operates large-scale infrastructure. Its asset mix covers offshore wind, onshore wind, solar PV, and natural gas-fired generation — with offshore wind representing the majority of its capacity. Northland has developed or holds stakes in projects across Canada, the Netherlands, Germany, Taiwan, and Japan, including the Hai Long offshore wind project in Taiwan (per Northland, 2024). The company also holds a 49% interest in the 411 MW Nordsee cluster in Germany (per the firm, 2023). Northland employs roughly 700 people across its Toronto headquarters and five international offices. The firm's market capitalization stood at roughly C$5.7 billion as of mid-2024. Its operating portfolio was roughly 3.1 GW net; development pipeline added another 10 GW (per public filings). The company also maintains a corporate venture arm, Northland Power Ventures, though its activity has been limited. In 2023, Northland sold its 100% stake in the 252 MW Eoliennes de l'Estran project in France to a consortium of European investors (per Reuters, December 2023). Northland is structured as a corporation, not a partnership or trust; it pays corporate tax and distributes dividends. This structure, combined with its internal development and operations teams, differentiates it from yieldcos and pure-play developers. The company is publicly traded, making its governance transparent via annual proxy circulars and quarterly earnings disclosures.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Utilities

## Offices

- Amsterdam, Netherlands
- Berlin, Germany
- Barcelona, Spain
- Taipei, Taiwan
- Tokyo, Japan
- Seoul, South Korea

## People

- Mike Crawley — Chief Executive Officer
- Adam Beaumont — Chief Financial Officer
- John Brace — Executive Chair

## Questions

### Who runs investment decisions at Northland Power?

CEO Mike Crawley and CFO Adam Beaumont lead corporate strategy, while project-specific investment decisions are managed by regional development teams and approved by the board. Executive Chair John Brace previously served as CEO from 2011 to 2021 and remains involved in major deals. The firm's investment committee includes the CEO, CFO, and heads of development, legal, and operations (per the 2024 Management Information Circular).

### Which sectors does Northland Power explicitly avoid?

Northland does not invest in coal, oil, nuclear, or fossil-fuel midstream assets. Its natural gas generation exposure is for dispatchable backup power, not primary baseload. The firm has publicly stated it will not develop new unabated gas projects beyond existing commitments (per the 2022 Climate Action Plan).

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Last updated: 2026-06-03T20:00:00.000Z

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