{"success":true,"data":{"pressRelease":{"id":"169957","rtpr_id":"nGNX8lRb2X-20261015","ticker":"NPI","exchange":"TSX","all_tickers":["NPI"],"title":"Northland’s Hai Long Offshore Wind Project Reaches Major Milestone: All 73 Turbines Installed and Generating Power","author":"Globe Newswire","published_at":"2026-10-15T10:39:17.094Z","article_body":"* Hai Long, Northland’s 1.0 GW facility in the Taiwan Strait and one of\nAsia's largest offshore wind projects, has completed the installation of all\n73 turbines, with all turbines now generating power.\n* The project remains on track for final permitting approvals in the first\nhalf of 2027 as planned. Construction costs remain aligned with original\nexpectations.\n* Hai Long will deliver long-term contracted revenues under a 30-year offtake\nagreement.\nTORONTO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Northland Power Inc. (\"Northland\"\nor the \"Company\") (TSX: NPI) today announced that all 73 turbines at Hai Long,\nits 1.0 GW offshore wind project in the Taiwan Strait, are now installed and\ngenerating power. The milestone substantially advances Hai Long toward final\ncompletion and reduces the project’s remaining construction risk. The\nproject remains on track for final permitting approvals in the first half of\n2027 as planned, with overall construction costs aligned with original\nexpectations.\n\nThis achievement builds on Northland's nearly two decades of offshore wind\nexperience across Europe and Asia and reinforces the Company's disciplined\napproach and strong track record in developing, constructing, and operating\nlarge-scale energy infrastructure.\n\n“Installing all 73 turbines and generating power across the entire Hai Long\nproject demonstrates Northland’s ability to safely execute complex,\nlarge-scale offshore wind projects,” said Christine Healy, President and\nChief Executive Officer of Northland. “This milestone reflects the\ndedication, expertise, and collaboration of our joint project teams,\ncontractors, suppliers, and partners, who have worked together to advance one\nof Asia’s largest offshore wind projects. Hai Long showcases our project\nexecution capabilities and reinforces our ability to develop, construct, and\noperate energy infrastructure globally.”\n\nThe Hai Long Project is being constructed by Northland (30.6%) jointly with\nMitsui & Co. (40%) and Gentari International Renewables Pte. Ltd (29.4%). Hai\nLong is one of Asia’s largest offshore wind projects, located approximately\n45 to 70 kilometres off the coast of Changhua County in the Taiwan Strait. The\nproject will generate enough electricity to power more than one million\nTaiwanese households, supported by a 30-year offtake agreement providing\ncontracted revenues to contribute to Northland’s long-term cash flow\ngeneration.\n\nABOUT NORTHLAND POWER\n\nNorthland Power is a Canadian-headquartered global power producer delivering\nthe electricity the world needs through offshore wind, onshore renewables,\nbattery storage, and natural gas-fired generation. With offices in seven\ncountries, Northland owns, in whole or in part, 3.6 GW of gross operating\ngenerating capacity, 2.4 GW under construction, and an approximately 8 GW\ndevelopment pipeline.\n\nPublicly traded since 1997, Northland’s Common Shares, and Series 1 and\nSeries 2 Preferred Shares trade on the Toronto Stock Exchange under the\nsymbols NPI, NPI.PR.A and NPI.PR.B, respectively.\n\nFORWARD LOOKING INFORMATION\n\nThis news release contains statements that constitute forward-looking\ninformation within the meaning of applicable securities laws\n(“forward-looking statements”) that are provided for the purpose of\npresenting information about management’s current expectations and plans.\nReaders are cautioned that such statements may not be appropriate for other\npurposes. Northland’s actual results could differ materially from those\nexpressed in, or implied by, these forward-looking statements and,\naccordingly, the events anticipated by the forward-looking statements may or\nmay not transpire or occur. Forward-looking statements include statements that\nare predictive in nature, depend upon or refer to future events or conditions,\nor include words such as “anticipates”, “expects,” “believes,” or\nnegative versions thereof and other similar expressions or future or\nconditional verbs such as “may,” “will,” “should,” “would” and\n“could.” These statements may include, without limitation, statements\nregarding Northland’s expectations for the timing of commercial operations\nand final permitting and the cost expectations for the Project, the expected\nscale of the Project and its anticipated capacity to generate renewable\nelectricity, the expected sufficiency of funding to cover Project\nrequirements, the contribution of the Project to Northland’s targets and the\nsize of Northland’s development pipeline, all of which may differ from the\nexpectations stated herein. These statements are based upon certain material\nfactors or assumptions that were applied in developing the forward-looking\nstatements, including the provisions of contracts to which Northland or a\nsubsidiary is a party, as well as other factors, estimates, and assumptions\nthat are believed to be appropriate in the circumstances. Although these\nforward-looking statements are based upon management’s current reasonable\nexpectations and assumptions, they are subject to numerous risks and\nuncertainties. Some of the factors include, but are not limited to, those\ndescribed in the “Risk Factors” section of Northland’s Management’s\nDiscussion and Analysis and Annual Information Form for the year ended\nDecember 31, 2025, which can be found at www.sedarplus.ca under Northland’s\nprofile and on Northland’s website at northlandpower.com\n(https://northlandpower.com/). Northland has attempted to identify important\nfactors that could cause actual results to materially differ from current\nexpectations, however, there may be other factors that cause actual results to\ndiffer materially from such expectations. Northland’s actual results could\ndiffer materially from those expressed in, or implied by, these\nforward-looking statements and, accordingly, no assurances can be given that\nany of the events anticipated by the forward-looking statements will transpire\nor occur, and Northland cautions you not to place undue reliance upon any such\nforward-looking statements.\n\nThe forward-looking statements contained in this release are, unless otherwise\nindicated, stated as of the date hereof and are based on assumptions that were\nconsidered reasonable as of the date hereof. Other than as specifically\nrequired by law, Northland undertakes no obligation to update any\nforward-looking statements to reflect events or circumstances after such date\nor to reflect the occurrence of unanticipated events, whether as a result of\nnew information, future events or results, or otherwise.\n\nFor further information, please contact:\n\nAlison Holditch, Head of Investor Relations\n+ 1 (416) 989-8734\ninvestorrelations@northlandpower.com\n\nVictor Gravili, Vice President of Corporate Affairs\n+1 (416) 895-5433\ncommunications@northlandpower.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/45980fd0-32bb-4f90-bb13-6519be7afe5d)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8lRb2X-20261015","title":"Northland’s Hai Long Offshore Wind Project Reaches Major Milestone: All 73 Turbines Installed and Generating Power","author":"Globe Newswire","ticker":"NPI","created":"2026-10-15T10:39:17.094Z","tickers":["NPI"],"exchange":"TSX","article_body":"* Hai Long, Northland’s 1.0 GW facility in the Taiwan Strait and one of\nAsia's largest offshore wind projects, has completed the installation of all\n73 turbines, with all turbines now generating power.\n* The project remains on track for final permitting approvals in the first\nhalf of 2027 as planned. Construction costs remain aligned with original\nexpectations.\n* Hai Long will deliver long-term contracted revenues under a 30-year offtake\nagreement.\nTORONTO, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Northland Power Inc. (\"Northland\"\nor the \"Company\") (TSX: NPI) today announced that all 73 turbines at Hai Long,\nits 1.0 GW offshore wind project in the Taiwan Strait, are now installed and\ngenerating power. The milestone substantially advances Hai Long toward final\ncompletion and reduces the project’s remaining construction risk. The\nproject remains on track for final permitting approvals in the first half of\n2027 as planned, with overall construction costs aligned with original\nexpectations.\n\nThis achievement builds on Northland's nearly two decades of offshore wind\nexperience across Europe and Asia and reinforces the Company's disciplined\napproach and strong track record in developing, constructing, and operating\nlarge-scale energy infrastructure.\n\n“Installing all 73 turbines and generating power across the entire Hai Long\nproject demonstrates Northland’s ability to safely execute complex,\nlarge-scale offshore wind projects,” said Christine Healy, President and\nChief Executive Officer of Northland. “This milestone reflects the\ndedication, expertise, and collaboration of our joint project teams,\ncontractors, suppliers, and partners, who have worked together to advance one\nof Asia’s largest offshore wind projects. Hai Long showcases our project\nexecution capabilities and reinforces our ability to develop, construct, and\noperate energy infrastructure globally.”\n\nThe Hai Long Project is being constructed by Northland (30.6%) jointly with\nMitsui & Co. (40%) and Gentari International Renewables Pte. Ltd (29.4%). Hai\nLong is one of Asia’s largest offshore wind projects, located approximately\n45 to 70 kilometres off the coast of Changhua County in the Taiwan Strait. The\nproject will generate enough electricity to power more than one million\nTaiwanese households, supported by a 30-year offtake agreement providing\ncontracted revenues to contribute to Northland’s long-term cash flow\ngeneration.\n\nABOUT NORTHLAND POWER\n\nNorthland Power is a Canadian-headquartered global power producer delivering\nthe electricity the world needs through offshore wind, onshore renewables,\nbattery storage, and natural gas-fired generation. With offices in seven\ncountries, Northland owns, in whole or in part, 3.6 GW of gross operating\ngenerating capacity, 2.4 GW under construction, and an approximately 8 GW\ndevelopment pipeline.\n\nPublicly traded since 1997, Northland’s Common Shares, and Series 1 and\nSeries 2 Preferred Shares trade on the Toronto Stock Exchange under the\nsymbols NPI, NPI.PR.A and NPI.PR.B, respectively.\n\nFORWARD LOOKING INFORMATION\n\nThis news release contains statements that constitute forward-looking\ninformation within the meaning of applicable securities laws\n(“forward-looking statements”) that are provided for the purpose of\npresenting information about management’s current expectations and plans.\nReaders are cautioned that such statements may not be appropriate for other\npurposes. Northland’s actual results could differ materially from those\nexpressed in, or implied by, these forward-looking statements and,\naccordingly, the events anticipated by the forward-looking statements may or\nmay not transpire or occur. Forward-looking statements include statements that\nare predictive in nature, depend upon or refer to future events or conditions,\nor include words such as “anticipates”, “expects,” “believes,” or\nnegative versions thereof and other similar expressions or future or\nconditional verbs such as “may,” “will,” “should,” “would” and\n“could.” These statements may include, without limitation, statements\nregarding Northland’s expectations for the timing of commercial operations\nand final permitting and the cost expectations for the Project, the expected\nscale of the Project and its anticipated capacity to generate renewable\nelectricity, the expected sufficiency of funding to cover Project\nrequirements, the contribution of the Project to Northland’s targets and the\nsize of Northland’s development pipeline, all of which may differ from the\nexpectations stated herein. These statements are based upon certain material\nfactors or assumptions that were applied in developing the forward-looking\nstatements, including the provisions of contracts to which Northland or a\nsubsidiary is a party, as well as other factors, estimates, and assumptions\nthat are believed to be appropriate in the circumstances. Although these\nforward-looking statements are based upon management’s current reasonable\nexpectations and assumptions, they are subject to numerous risks and\nuncertainties. Some of the factors include, but are not limited to, those\ndescribed in the “Risk Factors” section of Northland’s Management’s\nDiscussion and Analysis and Annual Information Form for the year ended\nDecember 31, 2025, which can be found at www.sedarplus.ca under Northland’s\nprofile and on Northland’s website at northlandpower.com\n(https://northlandpower.com/). Northland has attempted to identify important\nfactors that could cause actual results to materially differ from current\nexpectations, however, there may be other factors that cause actual results to\ndiffer materially from such expectations. Northland’s actual results could\ndiffer materially from those expressed in, or implied by, these\nforward-looking statements and, accordingly, no assurances can be given that\nany of the events anticipated by the forward-looking statements will transpire\nor occur, and Northland cautions you not to place undue reliance upon any such\nforward-looking statements.\n\nThe forward-looking statements contained in this release are, unless otherwise\nindicated, stated as of the date hereof and are based on assumptions that were\nconsidered reasonable as of the date hereof. Other than as specifically\nrequired by law, Northland undertakes no obligation to update any\nforward-looking statements to reflect events or circumstances after such date\nor to reflect the occurrence of unanticipated events, whether as a result of\nnew information, future events or results, or otherwise.\n\nFor further information, please contact:\n\nAlison Holditch, Head of Investor Relations\n+ 1 (416) 989-8734\ninvestorrelations@northlandpower.com\n\nVictor Gravili, Vice President of Corporate Affairs\n+1 (416) 895-5433\ncommunications@northlandpower.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/45980fd0-32bb-4f90-bb13-6519be7afe5d)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-15T10:39:17.137703427Z","server_sent_at_ms":1792060757137},"received_at":"2026-10-15T10:39:17.188Z","source_url":null},"analysis":{"id":"158173","press_release_id":"169957","analysis_json":{"industry":{"label":"Independent Power Producers & Energy Traders","sector":"Utilities"},"redFlags":[],"eventType":"operations_update","narrative":"Northland Power announced that all 73 turbines at its 1.0 GW Hai Long offshore wind project in the Taiwan Strait are installed and generating power.\n\nNorthland owns 30.6% of the project alongside Mitsui & Co. (40%) and Gentari (29.4%); construction costs remain aligned with original expectations and final permitting approvals are on track for the first half of 2027.\n\nHai Long is one of Asia's largest offshore wind projects and will provide contracted revenues under a 30-year offtake agreement, supporting Northland's long-term cash flow.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Hai Long turbine installation complete -- major construction de-risking for Northland's flagship Asia growth asset with on-budget costs."},"keyFigures":{"customDimensions":{"offtake_term":"30-year","project_capacity":"1.0 GW","households_powered":"more than one million Taiwanese households","turbines_installed":73,"northland_ownership":"30.6%"}},"quotedText":"Installing all 73 turbines and generating power across the entire Hai Long project demonstrates Northland’s ability to safely execute complex, large-scale offshore wind projects","namedEntities":{"people":[{"name":"Christine Healy","role":"President and CEO of Northland Power"},{"name":"Alison Holditch","role":"Head of Investor Relations"},{"name":"Victor Gravili","role":"Vice President of Corporate Affairs"}],"products":["Hai Long offshore wind project"],"companies":[{"name":"Northland Power Inc.","ticker":"NPI","relationship":"filer/project owner"},{"name":"Mitsui & Co.","relationship":"joint venture partner (40%)"},{"name":"Gentari International Renewables Pte. Ltd","relationship":"joint venture partner (29.4%)"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Completion of turbine installation at Northland's 1.0 GW Hai Long project materially de-risks a major construction asset, with costs on budget and a 30-year contracted offtake ahead. Not an earnings or binary event, but a meaningful execution milestone for a 30.6% owner."},"tickerRelevance":{"others":[],"primary":"NPI"},"globalImportance":35,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap utility/IPP","eventGravity":"major construction milestone, non-binary","sectorWeight":"renewables infrastructure","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Northland Power announced that all 73 turbines at its 1.0 GW Hai Long offshore wind project in the Taiwan Strait are installed and generating power.\n\nNorthland owns 30.6% of the project alongside Mitsui & Co. (40%) and Gentari (29.4%); construction costs remain aligned with original expectations and final permitting approvals are on track for the first half of 2027.\n\nHai Long is one of Asia's largest offshore wind projects and will provide contracted revenues under a 30-year offtake agreement, supporting Northland's long-term cash flow.","key_figures":{"customDimensions":{"offtake_term":"30-year","project_capacity":"1.0 GW","households_powered":"more than one million Taiwanese households","turbines_installed":73,"northland_ownership":"30.6%"}},"named_entities":{"people":[{"name":"Christine Healy","role":"President and CEO of Northland Power"},{"name":"Alison Holditch","role":"Head of Investor Relations"},{"name":"Victor Gravili","role":"Vice President of Corporate Affairs"}],"products":["Hai Long offshore wind project"],"companies":[{"name":"Northland Power Inc.","ticker":"NPI","relationship":"filer/project owner"},{"name":"Mitsui & Co.","relationship":"joint venture partner (40%)"},{"name":"Gentari International Renewables Pte. Ltd","relationship":"joint venture partner (29.4%)"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-15T10:39:22.280Z","global_importance":35,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap utility/IPP","eventGravity":"major construction milestone, non-binary","sectorWeight":"renewables infrastructure","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":5088,"modelName":"glm-5.3-flashx"}}