Northland Power Inc. Reports Strong Q2 2025 Results Amidst Construction Milestones

TORONTO, Aug. 13, 2025 — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) has announced its financial results for the second quarter and the first half of 2025, showcasing significant progress in its operations and development projects. Despite facing challenges due to below-average wind levels in Europe, Northland has demonstrated resilience and operational excellence, achieving a commercial availability rate of 95%.

Key Highlights from the Quarter

  • Construction Milestones: Northland and its partners have successfully reached several major construction milestones. Notably, the Oneida energy storage project was delivered ahead of schedule and under budget, marking a significant achievement in Northland’s portfolio. Additionally, the Hai Long offshore wind project achieved first power, and Baltic Power’s first wind turbine was installed, underscoring Northland’s commitment to expanding its renewable energy capabilities.

  • Operational Performance: Despite the impact of lower wind levels in Europe, Northland maintained strong operational performance. The company’s ability to achieve a 95% commercial availability rate highlights its operational efficiency and the robustness of its power generation facilities.

  • Financial Overview: While specific financial figures were not detailed in the announcement, Northland’s focus on delivering projects ahead of schedule and under budget is indicative of its financial discipline and strategic project management.

Project Updates

  • Hai Long Offshore Wind Project: Northland continues to make significant progress on the 1.0 GW Hai Long project, with the achievement of first power being a notable milestone. This project is part of Northland’s broader strategy to expand its renewable energy portfolio and contribute to the global transition towards cleaner energy sources.

Looking Forward

Christine Healy, President and CEO of Northland, expressed optimism about the company’s trajectory, emphasizing the importance of the milestones achieved during the quarter. Despite the challenges posed by environmental factors, Northland’s strategic focus on renewable energy and efficient project execution positions it well for future growth.

As Northland Power Inc. continues to advance its development and construction program, stakeholders can anticipate further contributions to the renewable energy sector, reinforcing Northland’s role as a leader in independent power and renewable electricity production.

For more detailed information on Northland Power Inc.’s operations and financial performance, interested parties are encouraged to visit the company’s website at www.northlandpower.com .

This summary encapsulates the key points from Northland Power Inc.’s Q2 2025 financial results announcement, highlighting the company’s achievements and strategic direction amidst the challenges faced during the quarter.