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Northland Power Inc (NPI.TO)

NPI.TO on Toronto Stock Exchange

23.94CAD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Northland Power Announces $750 Mln Secondary Offering Of Common Shares
Monday, 18 Mar 2019 

March 18 (Reuters) - Northland Power Inc ::NORTHLAND POWER ANNOUNCES $750 MILLION SECONDARY OFFERING OF COMMON SHARES.SAYS OFFERING PRICED AT C$23.35PER SHARE.ENTERED INTO AN AGREEMENT WITH NORTHLAND AND A SYNDICATE OF UNDERWRITERS LED BY CIBC CAPITAL MARKETS.UNDERWRITERS HAVE AGREED TO PURCHASE ON A BOUGHT DEAL BASIS AN AGGREGATE OF 32,120,000 COMMON SHARES OF CO.  Full Article

Northland Power ‍Sales Increased From $1.1 bln In 2016 To $1.4 bln In 2017​
Friday, 23 Feb 2018 

Feb 22 (Reuters) - Northland Power Inc ::NORTHLAND POWER DELIVERS EXCELLENT 2017 RESULTS WITH GROSS PROFIT UP 37% AND ADJUSTED EBITDA UP 22%.‍SALES INCREASED 25% FROM $1.1 BILLION IN 2016 TO $1.4 BILLION IN 2017​.‍IN 2018, MANAGEMENT EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF $860 TO $930 MILLION​.‍IN 2018, MANAGEMENT EXPECTS FREE CASH FLOW PER SHARE TO BE IN RANGE OF $1.70 TO $2.00 PER SHARE​.QTRLY SALES $394.6 MILLION VERSUS $478.5 MILLION ‍​.  Full Article

Northland Power reports Q3 sales C$295.2 mln
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Northland Power Inc :Q3 sales C$295.2 million .Northland Power reports 23% higher third quarter gross profit and 13% higher adjusted EBITDA.Q3 revenue view C$291.7 million -- Thomson Reuters I/B/E/S.‍Continues to expect adjusted EBITDA in 2017 to be in range of $710 million to $750 million.‍Continues to expect free cash flow per share to be in range of $1.18 to $1.30 per share in 2017​.‍Board plans to increase co's dividend for first dividend payable in January 2018 by 11% to $0.10 per share monthly​.  Full Article

MHI Vestas gets offshore wind order for 32 turbines in Germany
Monday, 21 Aug 2017 

Aug 21 (Reuters) - MHI Vestas, a offshore wind joint venture between Vestas and Mitsubishi Heavy Industries<7011.T> said: :To supply 31 units of the V164-8.0 MW wind turbine for the 252 MW Deutsche Bucht project in Germany.Received the order from Northland Power Inc. last Friday, when the company announced that the €1.3 billion ($1.53 billion) Deutsche Bucht project has reached financial close.DeBu is Northland's third offshore wind project, which once completed, is expected to generate enough energy to meet the needs of over 178,000 households.  Full Article

Northland Power negotiates long-term enhanced dispatch contract at 120MW Iroquois Falls Facility
Tuesday, 4 Jul 2017 

July 4 (Reuters) - Northland Power Inc ::Negotiated long-term enhanced dispatch contract with independent electricity system operator for Northland's 120MW cogeneration facility.LTEDC expires in 2021 and replaces facility's previous contract with ontario electricity financial corporation.Under deal, facility will operate in dispatchable mode rather than baseload; change in operations will not impact any jobs at facility.  Full Article

Northland Power reports Q1 sales C$177.4 million
Wednesday, 10 May 2017 

May 9 (Reuters) - Northland Power Inc :Northland Power delivers strong first quarter results and continues to reach milestones on growth initiatives.Q1 sales C$177.4 million.Q1 revenue view C$271.1 million -- Thomson Reuters I/B/E/S.Management continues to expect adjusted EBITDA in 2017 to be $660 million to $710 million.Continues to expect 2017 free cash flow per share to be in range of $1.03 to $1.18 per share.  Full Article

German utilities' plans for new capacity

FRANKFURT, April 1 The table below details the building plans of Germany's power plant owners and operators, based on information gathered by industry association BDEW and presented at the annual Hannover industrial fair on Monday. BDEW, which mainly represents power-generating utilities, said it knew of 64 units being planned, but only 10 plants were under construction, including 600 megawatts (MW) of gas plant capacity. It asked for incentives for gas-fired