Northland Power Corporate Presentation
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NORTHLAND
POWER
Offshore Wind
Catalyst for Long-Term Growth
⚫ Countries expected to boost wind development to reduce soaring power prices and ensure national security and decarbonization
⚫ Offshore wind deployment targets have increased
• Governments are also taking steps to speed up development timelines and reduce barriers for wind projects
New national REPower EU Plans to support investment and reforms worth €300 billion
Energy Transition Targets
Germany
Offshore wind: 30 GW
by 2030, 40 by 2035,
70 by 2045
Electrolyzers: 10 GW
Poland
11 GW of installed capacity
in offshore wind by 2040
Poland supporting offshore
strongly by improving
existing CfD indexation and
the introduction of a
EUR/PLN mechanism
Taiwan
Japan
13 GW by 2030 and
10 GW by 2030 and 40
GW by 2040
21 GW by 2035
Korea
6 GW by 2030 and 12
GW by 2035,
including both fixed
and floating bottom
foundations
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