Northland Power releases 2023 Sustainability Report highlighting ESG achievements
April 29 2024 - 7:10AM
Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI)
today released its 2023 Sustainability Report, ‘Powering
Possibility’, that highlights the Company’s environmental, social
and governance (ESG) achievements from the past year.
“Despite industry headwinds, our teams continued
to drive performance and delivered important milestones for
Northland, the industry and key markets globally,” said President
and CEO, Mike Crawley. “Our achievements lay the groundwork to
ensure we continue to support global energy transition efforts in
the long-term and further highlights the importance of ensuring our
ESG priorities are aligned and executed responsibly across our
business.”
Last year, Northland entered construction on
three major projects in our portfolio, including two offshore wind
projects, Hai Long (1.0 GW) in Taiwan and Baltic Power (1.1 GW) in
Poland, and Northland‘s first battery storage project, Oneida (250
MW), in Canada. With their size and scale, these projects will make
a significant impact on decarbonization efforts in their respective
regions. Hai Long and Baltic Power will have the capacity to
provide more than 2.5 million households with clean energy and
avoid ~5 million tonnes of CO2 per year. Oneida, with its capacity
to save and store energy, will enhance grid reliability and
affordability in Southern Ontario and reduce greenhouse gas
emissions by 1.2 million tonnes over the project’s lifespan.
"Northland’s ESG priorities are synonymous with
our company’s purpose to build a better world for generations to
come,” said John Brace, Executive Chair. “With more than 2.4 GW of
projects in construction, we’re building the infrastructure,
policies and protocols that ensure we can deliver against our
commitment to minimize environmental impact, uphold social
responsibility and drive economic resilience for the business.”
Northland’s priorities and commitments reflect
global best practice standards and frameworks including the GHG
Protocol and the Electric Utilities & Power Generators
standards from the Sustainability Accounting Standards Board
(SASB), the Taskforce for Climate-Related Financial Disclosures
(TCFD) and the United Nations Global Compact (UNGC).
A full copy of the 2023 Sustainability Report is
available on Northland’s website at
https://www.northlandpower.com/en/resources/Sustainability%20Report/Northland-Power-2023-Sustainability-Report-web.pdf
2023 Highlights:
- Achieved commercial operations on 300 MW of new generating
capacity including the Bluestone (112 MW) and Ball Hill (108 MW)
onshore wind facilities in the United States and the La Lucha (130
MW) solar facility in Mexico;
- Avoided 8.7 million tCO2e total emissions 2020 - 2023;
- Announced the use of green steel made from recycled materials
and produced by wind energy on 52 of the planned 76 turbines for
Baltic Power. This new technology will reduce the emissions of each
tower by 25 per cent versus a conventional tower and the total
emissions of each turbine by 10 per cent over the life cycle of the
project;
- Executed on $12.8 billion in new green financings at corporate
and project levels;
- Contributed $4.9 million CAD in community investment
globally;
- Invested in the Health, Safety and Well-being of Northland
employees through newly established training programs; and
- Continued to advance ongoing biodiversity efforts and programs
established across our sites.
ABOUT NORTHLAND POWER
Northland Power is a global power producer
dedicated to helping the clean energy transition by producing
electricity from clean renewable resources. Founded in 1987,
Northland has a long history of developing, building, owning and
operating clean and green power infrastructure assets and is a
global leader in offshore wind. In addition, Northland owns and
manages a diversified generation mix including onshore renewables,
efficient natural gas energy, as well as supplying energy through a
regulated utility.
Headquartered in Toronto, Canada, with global
offices in eight countries, Northland owns or has an economic
interest in approximately 3.4 GW (net 2.9 GW) of operating
capacity. The Company also has a significant inventory of projects
in construction and in various stages of development encompassing
approximately 12 GW of potential capacity.
Publicly traded since 1997, Northland's common
shares, Series 1 and Series 2 preferred shares trade on the Toronto
Stock Exchange under the symbols NPI, NPI.PR.A and
NPI.PR.B, respectively.
For further information, please contact:
Dario Neimarlija, Vice President, FP&A and Investor
Relations647-288-1019investorrelations@northlandpower.com
Victor Gravili, Head of Global Brand & Integrated
Communications416-970-0200communications@northlandpower.com
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