Northland Power provides business update

Acquired Poland battery storage projects – Earlier today, Northland announced the acquisition of two late-stage pre-construction battery energy storage systems totaling 300 MW / 1.2 GWh in Poland. The projects Mieczysawow and Kamionka each have a four-hour duration and are located in western Poland. A portion of revenue is secured under 17-year capacity auction contracts indexed to inflation, and additional revenue is expected to be realized through energy arbitrage and participation in ancillary service markets. Financing and the start of construction are expected in 2026 with an estimated total cost of EUR 200 million. This acquisition strengthens Northland’s growing presence in its core market of Poland and builds on battery storage capabilities. Nordsee One offshore wind farm signed a five-year Power Purchase Agreement with Shell – Earlier this week, Northland announced one of its subsidiaries Nordsee One offshore wind farm signed a five-year bilateral PPA with Shell Energy Europe Ltd for approximately one-third of the production from its 332 MW Nordsee One offshore wind farm. The PPA, secured through a structured tendering process, starts in June 2027.