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Northland Power Offshore Wind Production Surges 31% Q1

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Northland Power has reported a strong start to 2026, headlined by a 31% surge in electricity production from its International offshore wind portfolio, the company said on Wednesday.

Total consolidated electricity production reached 3,403 gigawatts-hour for the quarter ended March 31, up from 3,015 GWh in the same period last year.

This growth was primarily driven by higher wind resources across facilities in Germany and the Netherlands, which contributed CA$418 million ($305 million) in energy sales revenue representing 31% year-over-year increases for the offshore segment.

In the Americas, the business unit saw mixed results as lower wind and solar resources in New York and Canada caused a 14% drop in onshore production to 531 GWh.

However, revenue for the unit rose 19% to CA$112 million, bolstered by the first full-quarter contribution from the Oneida energy storage facility.

Meanwhile, Northland's natural gas assets maintained steady performance with 1,002 GWh of production, while the Spanish onshore segment faced a 25% revenue decline due to lower market prices despite a 15% increase in local production to 315 GWh.

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