Northland Power targets doubling gross operating capacity to 7 GW by 2030

Northland Power (NPIFF) announced its strategic update and 2030 outlook. The Company’s executive team will provide further details on Northland’s strategic direction, growth priorities, and key initiatives at its Investor Day on November 20, 2025 at 9:30am EST. Strategic Highlights: Targets doubling gross operating capacity to 7 GW by 2030; Deepens focus on core markets to unlock additional value from the portfolio; Re-aligns the organization into two regional hubs: Americas and International, establishing a centralized growth and delivery function to leverage expertise and streamline investment decision making; Implements a cost optimization program targeting over $50M in annual corporate and operational savings by 2028; Introduces a financial framework to support disciplined growth, deliver sustainable shareholders returns, and maintain an investment-grade credit rating without external equity issuances; Increases project returns target thresholds to a minimum 12%; and Targets a 10% total shareholder return and a 6% Free Cash Flow per share compound annual growth rate, forecasted to be $1.55 to $1.75 FCF/share by 2030. “We look forward to presenting our strategy, built on a track record of successfully delivering power projects globally,” said Christine Healy, President and CEO. “Rising demand for energy is creating opportunities across our business. By maintaining a steadfast focus on safety, operational excellence, and disciplined capital allocation, we are positioning Northland to deliver sustainable, profitable growth. This strategic update highlights three key horizons – Deliver, Strengthen, and Grow – to ensure the Company remains resilient while driving value for shareholders.”