Northland Power commences operating under BU structure focused by tech

Northland has implemented a new organizational structure that allows the Company to scale, create clearer accountability and bring even better focus to project execution and operational excellence. Effective January 2023, Northland formally commenced operating under a business unit structure focused by technology. The BU's encompass Offshore Wind, Onshore Renewables, Efficient Natural Gas and Utilities and Hydrogen/Renewable Fuels. The offshore BU accounts for 1.2 GW of operating assets and 12 GW of development assets in Europe and Asia. The onshore BU accounts for 1.1 GW of operating assets and nearly 8 GW of development assets in North America, Colombia and Europe, while the natural gas and utility BU accounts for 0.7 GW of operating assets. This new operating structure will result in a more streamlined business that is better oriented towards the expected growth by technology. Each BU is led by an experienced executive, with a dedicated chief financial officer, operations head, project execution head, legal and human resource leads. The Hydrogen BU is earlier stage in its formation but with experienced hydrogen talent already in place.