SOURCE: Northland Power Inc.

Northland Power Inc.

July 06, 2015 07:43 ET

Northland Power Announces Changes to Executive Management Team

TORONTO, ON--(Marketwired - July 06, 2015) - Northland Power Inc. ("Northland") (TSX: NPI) (TSX: NPI.PR.A) (TSX: NPI.PR.C) (TSX: NPI.DB.B) (TSX: NPI.DB.C) today announced upcoming changes to its executive management team:

Sean Durfy

Sean Durfy will be stepping down from his role as President and Chief Development Officer effective August 28th, 2015 to pursue other business and personal interests.

Sean has been associated with Northland for over five years and served as a member of its Board of Directors from May 2011 through to the end of 2013. In January 2014 he joined Northland's management team as President and Chief Development Officer, and took the lead executive role on the Nordsee One offshore wind project, the Grand Bend wind project, the sale of the Frampton wind project, and on Northland's organizational effectiveness and strategic planning initiatives.

John Brace, Northland's Chief Executive Officer, said, "We are grateful for Sean's contribution to Northland and greatly appreciated his energy, drive and commitment. We wish him and his family all the best in the future."

Mike Crawley

Northland is pleased to announce that Mike Crawley will be joining Northland Power as Executive Vice President, Business Development, effective July 20, 2015.

In his career to date, Mike has been prominent in the development of the Canadian independent renewable power sector. As the former CEO of AIM PowerGen, Mike led the company's growth from initial concept to developer, owner and operator of 700 megawatts of clean power generation facilities located across Canada. During his tenure he oversaw over $1 billion in project financings and, eventually, a successful sale process that led him to serve as President, GDF Suez Canada.

Mike has served on the board of directors of the Association of Power Producers of Ontario and Clean Energy BC. He was also appointed to the Ontario Government's Electricity Conservation and Supply Task Force and, more recently, Instar AGF Infrastructure Fund's advisory board.

John Brace noted, "I have known Mike Crawley for many years and have previously tried to recruit him to Northland. I am very excited that he is now joining our team to help lead the development of Northland's expanding global footprint in clean and renewable energy. We look forward to Mike continuing to build on his past successes here at Northland."

Boris Balan

Northland is also pleased to announce the appointment of Boris Balan to Vice President, Europe, effective immediately. Boris has been with the company since 2001; he was the lead developer responsible for Northland's Mont Miller, North Battleford, Spy Hill and Nordsee One projects.

In his new position, Boris will move to London, England, where he will take the lead role in representing Northland in its European development activities and corporate presence. He will also assist in oversight of the company's majority-owned 600 MW Gemini and 332 MW Nordsee One off-shore wind projects.

"Boris has played a key role in shaping Northland's future by securing some of our most significant projects. I am confident that Boris will make even more great things happen in his new role," said John Brace.


Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 'clean' (natural gas) and 'green' (wind, solar, and hydro) energy, providing sustainable long-term value to shareholders, stakeholders, and host communities.

The Company owns or has a net economic interest in 1,313 MW of operating generating capacity and 972 MW (682 MW net to Northland) of generating capacity under construction, including a 60% equity stake in Gemini, a 600 MW offshore wind project, and an 85% equity stake in Nordsee One, a 332 MW offshore wind project, both located in the North Sea; as well as a 100 MW onshore wind farm in Grand Bend, Ontario currently in construction.

Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.

Northland's common shares, Series 1 and Series 3 preferred shares and Series B and Series C convertible debentures trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.C, NPI.DB.B, and NPI.DB.C, respectively.

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