Northland Power
About
A Canadian power producer, headquartered in Toronto and listed on the Toronto Stock Exchange, that owns and operates offshore and onshore wind, solar, natural gas and battery storage, and also supplies energy through a regulated utility in Colombia. Its operating offshore wind is in the North Sea: Gemini in the Netherlands, and Nordsee One and Deutsche Bucht in Germany. It builds its newer offshore projects with partners: Baltic Power in Poland, 49% owned beside ORLEN, and Hai Long in Taiwan, where it holds 31% beside Gentari, Mitsui and Enterprize Energy. The company describes its business as anchored by long-term contracted cash flows, and its offshore farms sell under government support schemes or long-term power contracts rather than at market prices alone. That cover is dated: the support on its three North Sea farms expires between 2027 and 2032.
Outlook
as of 2026-10Portfolio
7 held · live stages first, exits lastCapacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 3.35 GW.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Gemini | Netherlands | Operational | 600 | 60% | 360 |
| Nordsee One | Germany | Operational | 332 | 85% | 282 |
| Deutsche Bucht | Germany | Operational | 260 | 100% | 260 |
| Baltic Power | Poland | Under Construction | 1140 | 49% | 559 |
| Hai Long 2↓ farmed down | Taiwan | Under Construction | 518 | 30.6% | 159 |
| Hai Long 3↓ farmed down | Taiwan | Under Construction | 504 | 30.6% | 154 |
| CanWind | Taiwan | Cancelled | 500 | 100% | 500 |
Divested & farmed down
every recorded sale by this developer · newest first| Announced | Project / portfolio | Type | Stake sold | €m | Buyer |
|---|---|---|---|---|---|
| 2022-12 | Hai Long 2 | farmdown | — | 282 | Gentari International Renewables |
| 2022-12 | Hai Long 3 | farmdown | — | 274 | Gentari International Renewables |
Ownership history comes from the transaction database; the portfolio above is the current snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.