Northland Power Capitalized Growth & Strategic Overview

Onshore Renewables Our onshore renewables strategy Onshore renewables present an attractive growth opportunity for Northland • . The industry is expected to grow at upwards of 10% per annum over the next decade. We continue to build local capabilities in development to ensure that sufficient resources are available in supporting functions Growth in near-term cash flow M&A will continue to play a role to grow presence in select markets Focus will be on key markets including the US Northeast, Southern and Eastern Europe and Colombia

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