Northland Power Corporate Presentation

Onshore Renewables 0 NORTHLAND POWER The industry is expected to grow at upwards of 10% per annum over the next decade Favourable government policies 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 U.S. Northeast, Alberta/Ontario, Spain and Poland Europe Aggressive decarbonization/renewables public policy Largely Euro denominated cash flows Liquid sovereign, utility and corporate offtake markets Spain targeting 85 GW by 2030 Poland to add 11-13 GW by 2030 North America Favourable renewables policy (US: IRA) CAD or USD denominated cashflows Liquid sovereign, utility and corporate offtake markets Canada 10 GW by 2030 NY State 30 GW by 2030 Colombia One of last LATAM markets to begin deploying wind and solar Favourable renewables policy 6 GW by 2030 16

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