Northland Power Reports Second Quarter 2026 Results and Construction Progress Updates

TORONTO, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three and six months ended June 30, 2026. All dollar amounts set out herein are in Canadian dollars, unless otherwise stated.

Highlights * Delivered strong operational performance across the fleet during the second quarter, achieving 96% commercial availability. * The offshore wind resource in Europe was low for the quarter, with year-to-date generation in line with historical average levels due to strong first-quarter wind conditions. * Adjusted EBITDA increased by 6% year over year, reflecting strong operational performance, while free cash flow per share decreased, primarily due to a one-time tax item refund recognized in 2025. * Advancing 2.5 GW construction portfolio, with all projects in construction remaining on track: * Achieved first power at the Baltic Power (1.1 GW) offshore wind project, marking the first delivery of offshore wind-generated electricity to Poland’s national grid; * Expanded the Hai Long (1.0 GW) offshore wind project’s existing 30-year Corporate Power Purchase Agreement (CPPA) for 100 percent of the offtake and, subsequent to quarter end, secured an incremental debt funding; * Completing final testing and commissioning on the Jurassic (80 MW / 160 MWh) Battery Energy Storage System (BESS) project in Alberta; and * Commenced construction of the Kamionka (100 MW / 400 MWh) and Mieczysławów (200 MW / 800 MWh) BESS projects in Poland.