Northland Power Inc. ("Northland")
(TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A) announced today that the
Ontario Power Authority (OPA) has now confirmed that four of six projects in the
first phase of Northland's 130 MW ground-mounted solar program achieved
commercial operations on June 21st, 2013. The facilities, located in eastern
Ontario in the municipalities of Crosby, Rideau Lakes, and Belleville, will
provide 40 MW of power to the Ontario grid under a 20 year power purchase
agreement with the OPA's Feed-In Tariff (FIT) Program. 


The projects entered construction in 2012, and were built by Miwel Construction
Limited, a wholly-owned subsidiary of Aecon Group Inc., using Ontario-made
equipment and Ontario labour. Photovoltaic modules were assembled in Ontario
under contract with MEMC Singapore Pte. Ltd. The inverters (power conversion
units) were supplied by SMA Canada Inc. and were also manufactured in Ontario.
Approximately 2,000 Ontario workers supported the manufacturing, construction
and related services associated with the first phase of the Northland projects. 


The commissioning of these facilities is particularly noteworthy because they
are the first of the corporation's ground-mounted solar farms to enter
operations. Today's announcement demonstrates Northland's ongoing commitment to
building and maintaining a diverse portfolio of assets across the spectrum of
'green' (renewable) and 'clean' (natural gas) technologies.


"We look forward to helping meet Ontario's long-term energy needs, using clean,
renewable solar power," said John Brace, CEO of Northland. "These facilities are
in line with Northland's focus on delivering intelligent energy to consumers
while helping to create a greener future for our planet. I would like to thank
our host communities, and all levels of government in Ontario for their efforts
to bring these projects to fruition. I would also like to thank Miwel and the
Northland team for all of their hard work." 


ABOUT NORTHLAND

Northland Power is an independent power producer founded in 1987, and publicly
traded since 1997. Northland produces 'clean' (natural gas) and 'green' (wind,
solar, and hydro) energy, providing sustainable long-term value to shareholders,
stakeholders, and host communities. The company owns or has a net economic
interest in 1,319 MW of operating generating capacity, with an additional 90 MW
of generating capacity currently in construction, and another 200 MW of wind,
solar and run-of-river hydro projects with awarded power contracts. In addition,
Northland has acquired the rights to a majority equity stake in Gemini, a 600 MW
offshore wind project located 85 km off the coast of the Netherlands in the
North Sea. Northland's cash flows are diversified over five geographically
separate regions and regulatory jurisdictions in Canada, Europe and the United
States.


Northland Power's common shares, Series 1 and Series 3 preferred shares and
convertible debentures trade on the Toronto Stock Exchange under the symbols
NPI, NPI.PR.A, NPI.PR.C and NPI.DB.A, respectively. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northland Power Inc.
Sarah Charuk
Director, Communications
647-288-1105
Sarah.charuk@northlandpower.ca

Northland Power (TSX:NPI.PR.A)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Northland Power
Northland Power (TSX:NPI.PR.A)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Northland Power