Northland Power's Sustainability Report Reveals Significant Progress
Northland Power's 2024 Sustainability Report Highlights
Recently, Northland Power Inc. (TSX: NPI) unveiled its 2024 Sustainability Report, aptly named ‘Powering Possibility’, marking an essential reflection of its ambitious sustainability initiatives. The report serves as a testament to the Company’s dedication to improving environmental stewardship while also benefiting communities globally.
A Message from Leadership
In her opening remarks, Christine Healy, President and CEO, emphasized the Company’s core mission: ‘Our commitment to people, communities, and the planet is at the heart of everything we do.’ This philosophy not only drives the actions of Northland but also shapes the trajectory toward sustainable energy. The report illustrates significant strides made in various projects, including Hai Long (1.0 GW), Baltic Power (1.1 GW), and Oneida (250 MW), all of which play a role in addressing the global energy crisis.
Key Achievements from the Report
Northland Power reported delivering exceptional results thanks to its innovative suite of energy solutions ranging from offshore and onshore wind to solar and natural gas. By fostering meaningful partnerships across the globe, Northland prioritizes sustainable practices that ensure the delivery of safe and reliable energy. Some standout highlights from the 2024 report include:
- Generated 11,046 GWh of electricity worldwide, supported by a renewable energy capacity of 2.5 GW.
- Achieved a notable 30% reduction in greenhouse gas (GHG) emissions intensity since 2019, showcasing commitment to climate action.
- Advanced the development of 2.4 GW of renewable projects currently under construction, aimed at supporting critical emissions targets.
- Maintained impressive sustainability ratings from major agencies, affirming Northland's position as a leader in the sector.
- Enhanced health and safety initiatives throughout the organization to safeguard employees and the community.
- Launched a pioneering digital due diligence platform that improves engagements with suppliers globally.
About Northland Power
Northland Power has established itself as a significant player in the energy sector since its inception in 1987. The Company focuses on facilitating the global energy transition through a diversified portfolio encompassing various energy infrastructure assets, including offshore wind, onshore wind, solar, and natural gas. As a well-respected entity in the industry, Northland also operates a regulated utility and has a track record of effective management and operational excellence.
Global Presence and Future Prospects
With its headquarters situated in Toronto and offices distributed across seven countries, Northland is strategically positioned to capitalize on emerging opportunities in the renewable energy landscape. Currently, the Company holds an economic interest in 3.2 GW of generating capacity, with an additional 2.4 GW under construction and an extensive pipeline of early to mid-stage development projects amounting to approximately 10 GW of potential capacity.
Contact Information for Inquiries
For further details about Northland's sustainability initiatives or the report itself, you may contact:
Dario Neimarlija, Vice President, FP&A & Investor Relations
Phone: 647-288-1019
Email: investorrelations@northlandpower.com
Victor Gravili, Head of Global Brand & Integrated Communications
Phone: 647-288-1105
Email: communications@northlandpower.com
Frequently Asked Questions
What is the main focus of Northland Power's 2024 Sustainability Report?
The report highlights Northland's key sustainability achievements, including their reduction in GHG emissions and advancements in renewable energy projects.
How much electricity did Northland generate in 2024?
Northland Power generated 11,046 GWh of electricity worldwide as part of its commitment to renewable energy.
What significant projects are mentioned in the report?
The report discusses major projects like Hai Long (1.0 GW), Baltic Power (1.1 GW), and Oneida (250 MW).
What initiatives has Northland implemented for safety?
Northland has strengthened health and safety initiatives company-wide to protect employees and stakeholders.
How can I get a copy of the Sustainability Report?
The full report is available on Northland Power's official website.
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