Northland Power Inc. (TSX:NPI)

Consumer

Northland Power Inc owns and operates green power infrastructure assets in Europe, North America, Latin America and Asia.

The power producer, listed on the Toronto Stock Exchange under the ticker symbol of ‘NPI’, generates electricity from renewable resources such as biomass, solar energy, wind, and clean-burning natural gas.

The independent power company, which was originally established in the year of 1987, focuses on developing high-quality and long-life assets.

Northland Power Inc operates through regional and facility offices around the world, including in Germany, Japan, Mexico, Canada, Taiwan, Netherlands, South Korea, the United States and the United Kingdom.

Through its subsidiary Northland Power Energía or NP Energía, the company has access to wholesale electricity market sector in Mexico. In 2020, the company completed the acquisition of NP Energía, a qualified supplier, which operates, develops and provides open market energy solutions.

The La Lucha project, Northland’s first project in Mexico, is a 130-megawatts solar project in Durango, Mexico. It will also be the company’s first project in industrial and commercial segment.

In 2019, Northland Power Inc reportedly established a council to promote inclusive work environment and diversity in the organization. It aims to have a board where 30 per cent of the directors are women and senior management with 25 per cent female representation.

The Toronto-based company also claims to invest in community relations and work in collaboration with municipalities, business partners, indigenous communities. In addition, creating employment opportunities for local community, the company claims.

Northland reportedly focuses on reducing greenhouse emissions, water management, waste management, and protecting biodiversity. It also expects to reduce carbon intensity to 65 per cent and expand renewable energy capacity to 4–5 GW by 2030.

The clean energy firm claimed to have ensured the safety and wellbeing of staff and various stakeholders amid the novel coronavirus pandemic.