Northland Power Investor Presentation

June 2022

CORPORATE OVERVIEW

Northland Overview

    • A top global player in offshore wind - fastest growing renewables power technology
  • Northland Power is a leading global power producer at the forefront of the global energy transition
  • Over 30 years of success developing, constructing and operating power projects across a range of technologies
  • Well-diversifiedportfolio of high-quality power infrastructure assets: over 3 GW of operating capacity
  • Majority of revenues under long-term contracts with highly creditworthy government counterparties
  • Significant development opportunities across multiple markets and technologies: 14 GW development pipeline to support growth
  • Significant depth of management experience across a number of disciplines including renewable power project development, project finance, construction and operations.
  • Strong environmental and health & safety record

Global Competitive Position

Northland is on the ground in key markets

Regional

Development Offices

Toronto

Houston

Mexico City

Bogota

Glasgow

Amsterdam

Seoul

Tokyo

Madrid

Warsaw

Offshore Wind

Offshore wind engineering and construction management centers

HamburgTaipei

Onshore

Renewables

Onshore wind, solar and construction management

Toronto

Global Company with Local Presence

Established Regional Presence Provides Competitive Advantage

Offshore Wind Strategy

  • TOP 10 Incumbent in Global Offshore Wind
  • Fastest Growing Renewables Technology
  • Significant driver of value and growth over next decade
  • 1.2 GW in operations and 2.7 GW1 of projects which will achieve financial close within the next 2 years
  • Building size and scale across multiple markets in Europe and Asia

Onshore Renewables Strategy

  • Growth in near-term cash flow
  • Industry is expected to grow at upwards of 10% per annum over the next decade
  • We continue to build local capabilities in development to ensure that sufficient resources are available in supporting functions
  • M&A will continue to play a role to grow presence in select markets
  • Focus will be on key markets including the US Northeast, Southern and Eastern Europe and Colombia

New Technologies

  • New growth area focus for Northland
  • Exploring opportunities in energy storage and green hydrogen
  • A way to tap higher-value end markets for our electrons

1. Includes Hai Long, Baltic Power and Nordsee Two

Northland Power

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Disclaimer

Northland Power Inc. published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 13:52:03 UTC.