Strong Financial Position
Northland Power reported over CAD2.3 billion in revenues and available liquidity of over CAD1 billion, maintaining an investment-grade balance sheet.
High-End Financial Guidance Achieved
Northland Power achieved the high end of its financial guidance for 2024, with adjusted EBITDA reaching CAD1.3 billion, a 2% increase compared to the previous year.
Progress on Major Projects
Significant advancements were made on three large construction projects: Hai Long, Baltic Power offshore wind projects, and Oneida battery storage project, totaling CAD16 billion in investment and 2.4 gigawatts.
Positive Outlook for 2025
Northland Power expects 2025 adjusted EBITDA to be in the range of CAD1.3 to CAD1.4 billion, driven by growth projects under construction, including Hai Long and Oneida.
Strong Partnerships Established
Northland Power has developed strong relationships with global partners like ORLEN, Mitsui, Gentari, ESB, and others, enhancing their project execution capabilities.