Business

Northland Power announces the appointment of a new CFO on the Toronto Stock Exchange: NPI

TORONTO, March 9, 2020 (GLOBE NEWSWIRE) – Northland Power Inc. (Northland) (TSX: NPI) is pleased to announce the appointment of Pauline Alimchandani as Chief Financial Officer (CFO), effective April 13, 2020. Ms. Alimchandani will succeed Mr. Paul Bradley, after his retirement as Chief Financial Officer. Mr. Bradley will remain as an advisor to the company for an appropriate period to ensure a smooth transition into the roles of CFO.

Ms. Alimchandani will report to Northlands CEO Mike Crawley and oversee the company's financial operations. Most recently, she was Executive Vice President and Chief Financial Officer of Dream Unlimited Corp., a TSX-listed company and a leading Canadian real estate and development company with over $ 9 billion in assets under management in North America. His responsibilities included financial reporting, corporate finance, project / development finance, corporate accounting, treasury, tax and investor relations. Previously, Ms. Alimchandani was Vice-President, Equity Research at BMO Capital Markets where she conducted research and analysis on equities in the Canadian real estate sector. Ms. Alimchandani was also active in audit and certification and advisory and transaction practices at PricewaterhouseCoopers LLP.

Ms. Alimchandani holds a Bachelor of Business Administration from the Schulich School of Business at York University and is a Chartered Accountant and a CFA charter.

I am very pleased that Pauline is joining Northland, said Mike Crawley, President and CEO of Northland. Paulines' leadership skills, financial savvy and experience managing all financial functions in a complex and fast growing company are exactly what Northland needs to accelerate its growth as a company. durable energy. Her strong people management skills and positive energy also make her an important addition to the Northlands management team. I would also like to thank Paul Bradley for his service as CFO at Northland over the past 9 years. Paul's leadership, previous experience in international finance and his commitment to investors were instrumental in transforming Northlands into a global player in renewable energy. We wish Paul every success in his retirement.

ABOUT NORTHLAND

Northland is a global developer, owner and operator of sustainable infrastructure assets that provide predictable cash flows. Based in Toronto, Canada, Northland was founded in 1987 and has been listed on the Toronto Stock Exchange since 1997 (TSX: NPI).

Northland owns or holds an economic interest in 2,429 MW (2,014 MW net) of operational production capacity and 399 MW of production capacity under construction, representing the Deutsche Bucht offshore wind project in the German North Sea and the La Lucha solar project in Mexico. Northland also has a 60% interest in the 1,044 MW Hai Long projects under development in Taiwan and operates a regulated utility in Colombia.

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares and Series C convertible debentures are traded on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B , NPI.PR.C and NPI. DB.C, respectively.

For further information, please contact:

Wassem Khalil, Senior Director, Investor Relations and Strategy
+1 (647) 288-1019
[email protected]
northlandpower.com

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