Northland Power Capitalized Growth & Strategic Overview
Strong Balance Sheet will Support Growth
Illustrative Capital Funding Plan of Capitalized Growth projects Over Next Five Years
Illustrative Funding Plan
for Capitalized Projects
(2022-2026)
~$1Bn
GREEN CORPORATE DEBT (INCLUDING
REVOLVER/HYBRIDS)
~5%
0
NORTHLAND
POWER
~$1-2Bn
NORTHLAND EQUITY² +
OFFSHORE WIND SELL-DOWNS
~10-15%
Key takeaways:
Achievable funding plan given the
diverse sources of capital available at
corporate and asset level
Continuing to diversify our tool kit &
partner prospects to achieve optimal
cost of capital
~$1-2Bn
CURRENT PROJECT
PARTNER'S EQUITY
~10-15%
$12-15B1
~$9-10Bn
NON-RECOURSE DEBT-
TARGETED GREEN
~65-75%
1. The capital funding plan is based on recent estimates of total capital costs for Capitalized Growth Projects, that Northland has publicly disclosed. The chart illustrates potential sources of funding that is subject to
change/update.
2. Northland intends to fund common equity portion through a combination of cash on hand, proceeds from financings/optimizations of existing facilities and new share issuances
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