UBS Managing Director Rod von Lipsey joins Yahoo Finance Live to breaks down how markets will fare in the new year.
UBS Managing Director Rod von Lipsey joins Yahoo Finance Live to breaks down how markets will fare in the new year.
Players on the women’s national soccer team have asked a federal appeals court to overturn a lower court decision throwing out their lawsuit seeking equal pay to the men's team. Players led by Alex Morgan asked the 9th U.S. Circuit Court of Appeals on Wednesday to reinstate the part of their suit that U.S. District Judge R. Gary Klausner threw out last May when he granted a partial summary judgment to the U.S. Soccer Federation. “For each win, loss and tie that women players secure, they are paid less than men who play the same sport and who do the same work; that is gender discrimination,” players' spokeswoman Molly Levinson said in a statement.
DUNEDIN, Fla. — Bo Bichette homered twice, including a game-ending drive leading off the ninth inning that lifted the Toronto Blue Jays over the New York Yankees 5-4 on Wednesday. Bichette drove a pitch from Chad Green (0-2) the opposite way to right-centre field as Toronto took two of three. Alejandro Kirk also homered for the Blue Jays. Rafael Dolis (1-0) worked the ninth to get the win. Aaron Judge hit two home runs for the Yankees. Toronto went 3-3 with one rainout in its first regular-season homestand at TD Ballpark, its spring training home. The Blue Jays are playing their first three homestands through May in Florida because of COVID-19 restrictions in Canada. The team used its Triple-A stadium in Buffalo, New York, as a home base last year and could return there later this season. Judge drove in the Yankees' first run during the first inning this season on a solo homer off T.J. Zeuch. They were the last big league team to score in the first. Judge's second homer and a two-run single by Gio Urshela gave New York a 4-3 advantage in the fourth. Kirk hit a two-run shot in the second and Bichette connected on a third-inning solo drive off Corey Kluber that put the Blue Jays up 3-1. Bichette tied his career high with an 11-game hitting streak. He had three hits and also stole a base. Toronto had Cavan Biggio tagged out to end the fifth when he overran third base on a triple. The Blue Jays loaded the bases with no outs the next inning, but scored just once on a wild pitch. Kluber, making his third start after being limited to one inning from May 2019 until this season by right forearm and shoulder injuries, allowed three runs and six hits in four innings. Zeuch gave up four runs and four hits in four innings. He filled in for Ross Stripling, who was scratched due to right forearm tightness. COLE AND THE QUESTION MARKS The rotation behind Yankees ace Gerrit Cole was a concern entering the season and the overall numbers of the other starters have been suspect. They have a combined record of 1-4, and have allowed 28 runs and 48 hits over 36 2/3 innings in nine outings. Cole is 2-0 in three starts. He has given up three runs and 12 hits in 18 1/3 innings. TRAINER’S ROOM Yankees: SS Gleyber Torres (sore right ring finger) started after sitting out Tuesday’s game. Blue Jays: Closer Julian Merryweather went on the 10-day IL with a strained left oblique. UP NEXT Yankees: New York has not announced its starting pitcher but options include RHPs Michael King and Deivi García for Friday night's game against Tampa Bay. Blue Jays: Toronto could start RHP Tanner Roark (0-1) or use a bullpen day against Kansas City' RHP Jakob Junis (0-0) on Thursday night. ___ More AP MLB coverage: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports ___ More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports Mark Didtler, The Associated Press
Personal details of 533 million users, including 1.5 million in Ireland, were made publicly available in an unsecure database.
Officials are warning people to stay out of the water after sharks were seen eating the carcass of a whale that has washed ashore on an Oahu beach. Several tiger sharks were seen eating the whale remains as it drifted closer to shore in Waimanalo, Hawaii News Now reported Tuesday. Honolulu Ocean Safety Division Lt. David Loui took a jet ski out to the carcass as sharks ate chunks of the whale.
Askren was never known for his striking in MMA, but Roach was pleasantly surprised after working with Askren for six days.
LOS ANGELES — Missing California college student Kristin Smart was killed in 1996 during an attempted rape by a fellow student and the suspect’s father helped hide her body, the San Luis Obispo County district attorney said Wednesday. Prosecutors filed a first-degree murder charge against Paul Flores and an accessory after murder charge against his father, Ruben Flores, for helping him conceal Smart's body, which has never been found, District Attorney Dan Dow said. The two were arrested Tuesday after years of investigations and searches that recently led to evidence connected to Smart’s killing. Smart, 19, of Stockton, was last seen May 25, 1996, while returning to her dorm at California Polytechnic State University campus in San Luis Obispo after an off-campus party. She was inebriated at the time and Flores, a fellow freshman at the school, had offered to walk her home. Flores killed Smart in his dorm room, Dow said. Investigators, who launched a renewed search Tuesday at his father's property in nearby Arroyo Grande, believe they know where the body was buried but have not yet located it or disclosed the location. Dow urged the public to come forward with any information they may have about the killing or other crimes Paul Flores may have committed. In more recent years, Paul Flores frequented bars around his home in the San Pedro area of Los Angeles area and may have committed other sexual assaults, Dow said. He didn't disclose what investigators found, but said they are seeking other crime victims. “We have evidence that we do believe there were other people not yet identified that have had some kind of a criminal act perpetrated on them by Mr. Flores," Dow said. "We’re concerned about sexual assault.” Prosecutors filed a notice in court that they would seek to introduce evidence of other sex crimes to show Flores attempted to rape Smart. Flores has been under suspicion from the earliest days of Smart's disappearance. He has gone from being a “person of interest” to a “suspect” to “the prime suspect” — and, now, defendant. He and his father are in jail and scheduled to be arraigned Thursday. San Luis Obispo County Sheriff Ian Parkinson said the arrests came after a search of the elder Flores' home last month using ground-penetrating radar and cadaver dogs turned up new evidence linked to Smart's killing. Smart’s family issued a statement saying it was a bittersweet day they had long waited for and a first step toward bringing their daughter home. “While Kristin’s loving spirit will always live in our hearts, our life without her hugs, laughs and smiles is a heartache that never abates,” they said. “The knowledge that a father and son, despite our desperate pleas for help, could have withheld this horrible secret for nearly 25 years, denying us the chance to lay our daughter to rest, is an unrelenting and unforgiving pain.” Flores, 44, was arrested at his home in the San Pedro area of Los Angeles and taken to a police car in handcuffs wearing pajama bottoms and a surf T-shirt. His father, Ruben Flores, 80, was arrested at his Arroyo Grande home — about 15 miles (24 kilometres) south of the university. New witnesses were found in recent years and warrants allowed investigators to intercept and monitor Paul Flores' phone and text messages and search his own home, along with those of his mother, father and sister that turned up new evidence, Parkinson said. He declined to offer more details because search warrants are sealed. Parkinson also credited the podcast “Your Own Backyard" for giving the case renewed widespread attention that led to a key witness coming forward. The podcast's creator, Chris Lambert, grew up in the area and was intrigued by a billboard offering a $75,000 reward for information leading to Smart. “Driving past that billboard was a periodic reminder that, oh yeah, they still haven’t found that girl,” Lambert said on the podcast's opening episode. ”It's different when somebody goes missing in your own backyard." Parkinson, who held his news conference near where Smart was last seen alive with Flores, acknowledged missteps by law enforcement hampered the investigation. Smart wasn’t reported missing until three days after she was last seen. A dorm mate at the time said police were initially reluctant to take a missing persons report because it was Memorial Day weekend and she might have left the campus. Smart’s family said in their statement that “an indifference and lack of resolve we experienced early on set the course for many years.” The Smart family filed a $40 million lawsuit in 1996 against Paul Flores and added the university for allegedly not protecting their daughter. The case has been stayed awaiting a criminal case outcome, a family spokesman said. “There really is no hiding the fact that there was mistakes made early on and it made it much more difficult,” Parkinson said. “You know that first 48 hours is pretty critical in a missing person or a homicide.” Parkinson likened the case to a puzzle where missing pieces are located, leading to new evidence and locations to search that then revealed other information. "It’s a very slow process to find each of those little pieces,” he said. They served over 40 search warrants at 16 locations over the years, collected nearly 200 new items of evidence and used modern DNA techniques to test more than three dozen older pieces of evidence. So much evidence was compiled that it would fill three terabytes on a computer hard drive, he said. Paul Flores has remained mum through the years, invoking his Fifth Amendment right to not answer questions before a grand jury and in a deposition for the lawsuit brought against him. Flores had nothing to say when arrested, Parkinson said. He was held without bail. His lawyer, Robert Sanger, declined to comment. Ruben Flores was being held on $250,000 bail. His lawyer, Harold Mesick, didn't immediately return an email message seeking comment from The Associated Press but he told the Los Angeles Times that his client was “absolutely innocent.” ___ Associated Press reporter John Antczak contributed to this report. Brian Melley, The Associated Press
“The grief is raw," Biden said of Section 60, where America's most recent war dead are buried. "It’s a visceral reminder of the living cost of war.”
BROOKLYN CENTER, Minn. — A prosecutor said Wednesday that he charged a white former suburban Minneapolis police officer with second-degree manslaughter for killing 20-year-old Black motorist Daunte Wright in a shooting that ignited days of unrest and clashes between protesters and police. The charge against former Brooklyn Center police Officer Kim Potter was filed Wednesday, three days after Wright was killed during a traffic stop and as the nearby murder trial progresses for the ex-officer charged with killing George Floyd last May, Washington County Attorney Pete Orput said. The former Brooklyn Center police chief has said that Potter, a 26-year veteran and training officer, intended to use her Taser on Wright but fired her handgun instead. However, protesters and Wright’s family members say there’s no excuse for the shooting and that it shows how the justice system is tilted against Blacks, noting Wright was stopped for expired car registration and ended up dead. “Certain occupations carry an immense responsibility and none more so than a sworn police officer,” Imran Ali, Washington County assistant criminal division chief, said in a statement announcing the charge. “(Potter’s) action caused the unlawful killing of Mr. Wright and she must be held accountable.” Ali said he and Orput met with Wright’s family and assured them that no resources would be spared in prosecuting the case. Intent isn’t a necessary component of second-degree manslaughter in Minnesota. The charge — which carries a maximum penalty of 10 years in prison — can be applied in circumstances where a person is suspected of causing a death by “culpable negligence” that creates an unreasonable risk and consciously takes chances to cause the death of a person. Potter, 48, was arrested Wednesday morning at the Bureau of Criminal Apprehension in St. Paul. Her attorney did not immediately respond to messages from The Associated Press. Potter and Police Chief Tim Gannon both resigned Tuesday. Concrete barricades and tall metal fencing had been set up around Potter’s home in Champlin, north of Brooklyn Center, with police cars guarding the driveway. After Floyd’s death last year, protesters demonstrated several times at the home of Derek Chauvin, the former Minneapolis officer now on trial in Floyd's death. Police say Wright was pulled over for expired tags on Sunday, but they sought to arrest him after discovering he had an outstanding warrant. The warrant was for his failure to appear in court on charges that he fled from officers and possessed a gun without a permit during an encounter with Minneapolis police in June. Body camera video that Gannon released Monday shows Potter approaching Wright as he stands outside of his car as another officer is arresting him. As Wright struggles with police, Potter shouts, “I’ll Tase you! I’ll Tase you! Taser! Taser! Taser!” before firing a single shot from a handgun in her right hand. The news release announcing the charge noted that Potter holstered her handgun on the right side and her Taser on the left. The handles of each weapon faced to Potter’s rear. The Taser is yellow with a black grip and would require Potter to remove it from her holster with her left hand, the county attorney’s statement said. Wright family attorney Ben Crump said the family appreciates the criminal case, but he again disputed that the shooting was accidental, arguing that an experienced officer knows the difference between a Taser and a handgun. “Kim Potter executed Daunte for what amounts to no more than a minor traffic infraction and a misdemeanour warrant,” he said. Experts say cases of officers mistakenly firing their gun instead of a Taser are rare, usually less than once a year nationwide. Transit officer Johannes Mehserle was convicted of involuntary manslaughter and sentenced to two years in prison after responding to a fight at a train station in Oakland, California, killing 22-year-old Oscar Grant in 2009. Mehserle testified at trial that he mistakenly pulled his .40-calibre handgun instead of his stun gun. In Oklahoma, a white volunteer sheriff’s deputy for Tulsa County, Robert Bates, was convicted of second-degree manslaughter after accidentally firing his handgun when he meant to deploy his stun gun on Eric Harris, a Black man who was being held down by other officers in 2015. Potter was an instructor with Brooklyn Center police, according to the Minnesota Police and Peace Officers Association. She was training two other officers when they stopped Wright, the association’s leader, Brian Peters, told the Star Tribune. On Tuesday night, hundreds of demonstrators again gathered at Brooklyn Center’s heavily guarded police headquarters, now ringed by concrete barriers and a tall metal fence, and where police in riot gear and National Guard soldiers stood watch. About 90 minutes before a 10 p.m. curfew, state police announced over a loudspeaker that the gathering had been declared unlawful and ordered the crowds to disperse. Protesters launched fireworks toward the station and threw objects at officers, who launched flashbangs and gas grenades, then marched in a line to force back the crowd. The number of protesters plummeted over the next hour, until only a few remained. Police also ordered all media to leave. Brooklyn Center, a suburb just north of Minneapolis, has seen its racial demographics shift dramatically in recent years. In 2000, more than 70% of the city was white. Today, a majority of residents are Black, Asian or Hispanic. Mayor Mike Elliot t said Tuesday that he didn't have at hand information on the police force's racial diversity but that “we have very few people of colour in our department.” ___ Bauer contributed from Madison, Wisconsin. Associated Press writers Doug Glass and Mohamed Ibrahim in Minneapolis; Tim Sullivan in Brooklyn Center; and Stephen Groves in Sioux Falls, South Dakota, contributed to this report. ___ Find AP’s full coverage of the death of Daunte Wright at: https://apnews.com/hub/death-of-daunte-wright ___ This story has been updated to correct the name of the leader of the Minnesota Police and Peace Officers Association to Brian Peters, instead of Bill Peters, and to correct when manslaughter might apply in a case. Scott Bauer And Mike Householder, The Associated Press
The Trump administration had restricted the practice, putting women at risk of contracting COVID-19
While COVID-19 cases, hospitalizations and deaths in Canada continue to rise, Ontario in particular is being called out in international warnings. Japan has designated Ontario, specifically, as a region with community transmission of variants of concern, which requires anyone travelling to the country from the province, in addition to a 14-day quarantine, to isolate for three days at a designated facility, with a COVID-19 test on the third day.
In this episode of MarketFoolery, host Chris Hill and Motley Fool Chief Investment Officer Andy Cross discuss Jamie Dimon's annual letter to shareholders, which shows just how bullish he is on the U.S. economy. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
On a down day for the S&P 500 as a whole, metal production stocks fared better than most Wednesday, with shares of Alcoa (NYSE: AA) closing 6.9% higher, U.S. Steel (NYSE: X) rising 7.3%, and Freeport-McMoRan (NYSE: FCX) gaining 8%. You can probably thank President Joe Biden for that. "Biden and the Senate have effectively cleared their plate for this single item from now until September, when the Senate, they hope, will try to pass it under the rules of a budget reconciliation process," the Globe reports.
Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Champignon Brands Inc. ("Champignon" or the "Company") (OTC: SHRMF) investors concerning the Company’s possible violations of the federal securities laws.
A news report identified the woman, who police say was carjacked and kidnapped by a man suspected of shooting a Burleson police officer.
Most U.S. stocks rose Wednesday following an encouraging start to what’s expected to be a thunderous earnings reporting season, but major indexes still ended mixed as drops in several tech heavyweights including Apple and Facebook weighed them down. The S&P 500 fell 0.4%, easing below the record high it set a day earlier. The tech-heavy Nasdaq lost 1% but the Russell 2000, which tracks smaller companies, climbed 0.8%. Shares of Coinbase Global surged in their market debut as more mainstream investors embrace cryptocurrencies. Crude oil prices rose sharply on expectations that a resurgent economy will consume more energy. On Wednesday: The S&P 500 fell 16.93 points, or 0.4%, to 4,124.66. The Dow Jones Industrial Average rose 53.26 points, or 0.2%, to 33,730.89. The Nasdaq fell 138.26 points, or 1%, to 13,857.84. The Russell 2000 index of smaller companies rose 18.79 points, or 0.8% to 2,247.72. For the week: The S&P 500 is down 4.14 points, or 0.1%. The Dow is down 69.71 points, or 0.2%. The Nasdaq is down 42.35 points, or 0.3%. The Russell 2000 is up 4.24 points, or 0.2%. For the year: The S&P 500 is up 368.59 points, or 9.8%. The Dow is up 3,124.41 points, or 10.2%. The Nasdaq is up 969.56 points, or 7.5%. The Russell 2000 is up 272.86 points, or 13.8%. The Associated Press
Tagger Media secured an $8.5 million Series A investment from Five Elms Capital, a global investor in high growth B2B software businesses. The funding will accelerate its product roadmap development and momentum of sales and marketing reach around the globe. “Tagger is shaping the future of how brand marketers will plan, manage and measure their […]
Nameberry's first-quarter analysis reveals some interesting naming trends.
LOS ANGELES, April 14, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the quarter ended March 31, 2021 after the market close on Monday, May 10, 2021. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number: (844) 875-6911 (for domestic callers)Direct dial number: (412) 902-6511 (for international callers)Passcode: Ask to join the Magnite conference callSimultaneous audio webcast http://investor.magnite.com, under “Events and Presentations” Conference call replay Toll Free number: (877) 344-7529 (for domestic callers)Direct dial number: (412) 317-0088 (for international callers)Passcode: 10155277Webcast link: http://investor.magnite.com, under “Events and Presentations” About Magnite We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising platform that combines Rubicon Project’s programmatic expertise with Telaria’s leadership in CTV. Publishers use our technology to monetize their content across all screens and formats—including desktop, mobile, audio and CTV. And the world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in sunny Los Angeles, bustling New York City, historic London, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM and APAC. ContactsInvestor Relations:Nick Kormeluk, firstname.lastname@example.org
IOWN GF Releases First Technical Deliverable. IOWN GF System and Technology Outlook Summarizes Technology Gaps; Proposes A Smarter World
STRATEGIC INVESTMENT ESTABLISHES NORTHLAND AS A LEADING OPERATOR IN A HIGH GROWTH RENEWABLES MARKET AND DELIVERS NEAR-TERM CASH FLOW WHICH COMPLEMENTS OFFSHORE WIND GROWTH STRATEGY HIGHLIGHTS High-quality, operating portfolio of onshore renewable assets provides scale and immediately positions Northland as a top 10 operator in the growing Spanish renewables market Acquired portfolio offers a highly predictable cash flow profile through the Spanish regulated framework and is immediately accretive to Northland’s Free Cash Flow per share and Adjusted Free Cash Flow per share A platform will be established around the acquired portfolio for further growth in Spain along with the creation of a European onshore renewables asset management platform Northland has achieved a number of recent key project milestones further advancing the 4 to 5 GW of identified development projects highlighted at the Investor Day held in February 2021Concurrent $900 million bought deal equity financing will fund the Spanish acquisition and equity capital requirements including acquisition costs for Baltic Power and expected near-term capital requirements for Northland’s portfolio of 4 to 5 GW of identified development projects, the latter of which is all supported by high quality 20-25 year offtake contracts Prudent financing strategy in-line with Northland’s investment principles and strong credit rating providing ample flexibility, with approximately $800 million of available liquidity to fund future growth initiatives TORONTO, April 14, 2021 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) is pleased to announce that it has entered into a definitive agreement for the acquisition of an operating portfolio of onshore renewable projects in Spain and to provide a business update on various strategic initiatives. The Company is also announcing a concurrent $900 million bought deal equity financing to fund the acquisition as well as projects within the Company’s identified 4 to 5 gigawatt (GW) renewable development pipeline, outlined at the Company’s recent Investor Day in February 2021. Spanish Renewables Acquisition Northland has entered into an agreement with Helia Renovables, F.C.R., a fund sponsored by Plenium Partners Asset Management, S.G.E.I.C., S.A., and Bankinter S.A., being fully distributed among the latter clients, to acquire a portfolio of operating onshore renewable assets in Spain (the “Portfolio”) with a total combined net capacity of 540 megawatts (MW). The Portfolio includes 33 operating assets comprised of onshore wind (424 MW), solar PV (66 MW), and concentrated solar (50 MW) located throughout Spain. Total cash consideration to be paid for the Portfolio upon closing will be €345 million (C$520 million) together with the assumption of debt in the amount of €716 million (C$1,075 million). Closing of the acquisition is expected to occur in the third quarter of 2021 subject to regulatory approvals and customary closing conditions. The acquisition of the Portfolio immediately places Northland as a top 10 renewable power operator in Spain and creates a platform for growth in an attractive market for renewables. In 2020, Spain made a commitment to achieve 70% electricity generation from renewable energy sources by 2030 as part of the Law on Climate Change and Energy Transition. The 2030 target translates into a requirement for an estimated 35 to 40 GW of additional renewables capacity. In support of its 2030 goal, the Spanish government is expected to auction a further 16.5 GW of solar and onshore wind capacity over the next five years. In addition, the Spanish market has developed into one of the most active corporate offtake markets in Europe, which together with the expected procurements noted above and an attractive merchant power market, offer several routes to market for new renewables. Spain has also announced a 2030 target of 4 GW of hydrogen and 20 GW of storage, which align with Northland’s energy transition growth objectives. Northland intends to leverage the acquisition of the Portfolio to build a platform with asset management, development, and operations and maintenance capabilities that can competitively pursue onshore renewables acquisition and development opportunities across Europe over the next decade. As outlined at the Company’s Investor Day in February 2021, part of Northland’s strategy is to secure attractive renewable operating portfolios to ensure incremental near-term cash flow. The addition of the Portfolio’s near-term cash flow helps fund the development of Northland’s large offshore wind projects as new markets continue to emerge for offshore wind globally. Northland is an experienced onshore renewables power developer and operator and is a leading global player in the fast-growing offshore wind sector. The Portfolio aligns well with Northland’s priority to diversify and add high-quality, contracted or regulated cash flows to the business. All the acquired assets are governed under the Spanish regulatory framework, which was implemented in 2013. The framework replaced the feed-in tariff regime and provides a regulated return based on a standard set of operating parameters. Once each asset reaches the end of its regulatory life, it is expected that the project will either sell its generation output in the merchant power market in Spain or secure a commercial or utility power purchase agreement. The framework provides the assets with a regulated revenue stream for the remaining regulatory life, which averages 13 years across the Portfolio, increasing Northland’s average contracted life of its entire power generation fleet. “Today's announcement further demonstrates Northland's continued growth and leadership in renewable energy and establishes Northland as a top player in one of Europe’s most attractive markets over the next decade for renewables, storage and hydrogen. Through this acquisition we will also establish a European asset management platform that can support entry into other attractive European onshore renewables markets,” said Mike Crawley, President and Chief Executive Officer of Northland. “This transaction is consistent with our strategy and positions Northland for further growth and diversification, while providing us with near-term cash flow.” Transaction Overview EURO $C1 Cash Purchase Price€345 million $520 million Assumed Net Debt€716 million $1,075 million Total Enterprise Value (EV)€1,061 million $1,595 million 5-year Average Annual EBITDA€90 million $135 million 5-year Average Annual Free Cash Flow2 $25 million Total Net Capacity 540 MW Average Remaining Contracted Life and Debt Term 13.4 years Pre-acquisition Post-Acquisition Gross Installed Capacity – Northland Total2,681 MW 3,241 MW Net Installed Capacity – Northland Total2,266 MW 2,806 MW Net Installed Capacity – Northland Europe894 MW 1,434 MW Average Remaining Contract Life (years)9.3 10.1 2021E Adjusted EBITDA Contribution3 Offshore Wind60%57%Onshore Renewables12%16%Efficient Natural Gas20%19%Utilities8%8% Approximate Canadian dollar equivalentRepresents five-year average annual cash flow at the anticipated Euro to Canadian dollar swap rateBased on mid-point of Northland’s 2021 Adjusted EBITDA guidance and assumes closing of the acquisition in the third quarter of 2021 The assumed net debt of €716 million (C$1,075 million) is non-recourse, fixed rate debt, with maturities matching the regulatory lives of the assets. Based on the transaction metrics, Northland expects the acquisition to be immediately accretive to Free Cash Flow per share and Adjusted Free Cash Flow per share. In addition, Northland will shortly enter long-term Euro denominated foreign exchange swaps/hedges for the cash flow generated from the Portfolio assets to mitigate foreign exchange volatility, consistent with its corporate risk mitigation strategy. Spanish Renewables Platform Acquisition and Equity Raise Enables Northland Growth Strategy Northland intends to permanently finance the acquisition of the Portfolio with a portion of the concurrent bought deal equity offering described below. The Spanish renewables platform will deliver both immediate cash flow accretion and a platform for further onshore renewables development in Spain. Subject to customary closing conditions as well as required Foreign Investment Approval by Spanish regulators, Northland expects to close the acquisition in the third quarter of 2021. The timing of closing will accordingly result in minimal contribution to Northland’s full year 2021 financial guidance. As is typical for offshore wind assets in the North Sea, there is some variability in the wind resource and this variability could result in fluctuations in quarter-to-quarter financial results. Preliminary indications are that first quarter results may be modestly impacted from lower first quarter wind resources in the North Sea. Northland is reaffirming its full year 2021 financial guidance with respect to Adjusted EBITDA ($1.1 billion to $1.2 billion), Free Cash Flow per share ($1.30 to $1.50) and Adjusted Free Cash Flow per share ($1.80 to $2.00). DEVELOPMENT PROJECTS UPDATE The following are updates on certain of Northland’s identified development projects as well as certain other corporate matters. Baltic Power (Poland Offshore Wind Project) On March 24, 2021, Northland successfully completed its previously announced acquisition of a 49% interest in the Baltic Power offshore wind project (“Baltic Power”) from PKN ORLEN S.A. (“PKN ORLEN”) (WSE: PKN). Northland and PKN ORLEN are working together to develop Baltic Power which is in the Baltic Sea and has a total capacity of up to 1,200 MW of offshore wind capacity. Following Northland’s acquisition of its interest in the project, Baltic Power filed a first-round application with Poland’s Energy Regulatory Office to secure a 25-year Contract for Differences (“CfD”) as part of the Polish Government’s commitment, through the Polish Offshore Wind Act, to support an initial phase of 5.9 GW of offshore wind. All first round CfD awards are expected to be announced by mid-year 2021. Once operational, Baltic Power will add another high-quality project underpinned by long-term revenue contracts to Northland’s existing portfolio. Construction activities for Baltic Power are expected to start in 2023 with commercial operations anticipated in 2026. NY Wind (US Onshore Renewables) Northland continues to progress its onshore wind projects in New York State (“NY Wind”), which have a total gross capacity of approximately 300 MW. In February 2021, Northland received and accepted contract price offers from the New York State Energy Research and Development Authority for 20-year indexed renewable energy credit offtake contracts for NY Wind. In addition, Northland is in the final stages of negotiations regarding key agreements for the projects and expects to be able to sign the Turbine Supply, Service and Maintenance and the Balance of Plant Agreements in the second quarter of 2021. NY Wind is a continuation of Northland’s long-standing strategy of early entry into greenfield projects and marks its first investment in the U.S. renewable energy sector. Northland views the U.S. as an attractive market due to strong fundamentals including high growth in renewables, multiple offtake options, and, federal and state-level policies that are supportive of renewable power development. New York State is a particularly attractive US market with a target of 70% renewable energy by 2030, which results in an incremental 13 GW of onshore renewable build required. Hai Long (Taiwan Offshore Wind Project) Northland continues to advance its 1,044 MW Hai Long offshore wind project in Taiwan (“Hai Long”). On April 12, 2021, Hai Long received confirmation from the Taiwan Bureau of Energy that Hai Long 2A (gross 300 MW) has secured approval for the Industrial Relevance Plan (“IRP”) submitted to the Taiwan Industrial Development Bureau. Approval of the IRP, which sets out Northland’s commitments to local procurement, marks a significant milestone in the ongoing development of this important project. La Lucha (Mexico Solar Project) Construction activities at the 130 MW La Lucha solar project in Mexico are nearing the final stages of completion. Certain construction activities related to the energization of the project have been delayed primarily due to COVID restrictions. Once these activities are completed, Northland expects to commence with grid testing, which will be followed by submission of an application for commercial operations to the Mexican regulatory authorities. Based on the current timeline, Northland still expects commercial operations at La Lucha to commence in 2021. Efforts to secure commercial offtake and project financing are expected to be finalized after commercial operations. OTHER CORPORATE UPDATES Closing of Deutsche Bucht Refinancing On March 26, 2021, Northland successfully and favourably refinanced the Deutsche Bucht project's €886 million senior debt. The refinancing will reduce the interest rate on the project’s senior debt to 2.3% all-in (from approximately 2.6% all-in) and accordingly improve cash distributions from the project over the remaining 13-year senior debt term. The refinancing also included the addition of a Debt Service Reserve Facility, which released €50 million of cash (C$73 million), immediately enhancing Northland’s corporate liquidity. As disclosed in November 2020, Northland elected to change its refinancing strategy for Deutsche Bucht and deferred the refinancing of its senior debt to 2021 to take advantage of an improved lending environment. Northland believes the financing demonstrates the quality of the project, Northland’s strong relationships with global financial institutions, and results in incremental value and an enhanced return for the Company. Northland Corporate Credit Rating Reaffirmed In its most recent report issued on March 23, 2021, Standard & Poor’s reaffirmed Northland’s corporate credit rating of BBB (Stable). In addition, Northland’s preferred share rating was reaffirmed on Standard & Poor’s Canada scale of BB+. BOUGHT DEAL EQUITY OFFERING Northland has entered into an agreement with a syndicate of underwriters bookrun by CIBC Capital Markets and National Bank Financial Inc. (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to purchase on a bought deal basis, an aggregate of 20,455,000 common shares (the “Shares”) at an offering price of $44.00 per Share (the “Offering Price”) for total gross proceeds to the Company of approximately $900 million (the "Offering"). In connection with the Offering, Northland has granted the Underwriters an over-allotment option, exercisable in whole or in part, at any time for a period of 30 days following the closing of the Offering, to purchase up to an aggregate of an additional 2,045,500 Shares at the Offering Price. The net proceeds of the Offering will be used to fund the cash purchase price of the Portfolio, with the remainder of the net proceeds, allocated to fund equity capital requirements including acquisition costs for Baltic Power, expected near-term capital commitments for Northland’s portfolio of 4 to 5 GW of identified development projects and to repay borrowings under Northland’s corporate revolving credit facility. After giving effect to the Offering (but prior to any exercise of the over-allotment option), and the application of the net proceeds of the Offering as described above, the Company expects to have approximately $800 million of liquidity on hand to fund growth initiatives, including its identified pipeline of offshore wind projects and other opportunities. The Offering will be made in all provinces of Canada by way of a prospectus supplement (the “Prospectus Supplement”) to Northland’s base shelf prospectus dated June 16, 2020. Completion of the Offering is subject to certain conditions including receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. The Offering is expected to close on or about April 21, 2021. Further information regarding the Offering and the acquisition of the Portfolio, including related risk factors, will be set out in the Prospectus Supplement that Northland expects to file on SEDAR on or before April 16, 2021. Once filed, the Prospectus Supplement will be available on the Company’s profile on SEDAR at www.sedar.com The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy, nor will there be any sale of these securities, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. All amounts are in Canadian dollars unless stated otherwise. An exchange rate of One Canadian Dollar to EURO 0.67 is used herein to establish equivalent amounts. ABOUT NORTHLAND POWER Northland Power is a global power producer dedicated to helping the clean energy transition by producing electricity from clean renewable resources. Founded in 1987, Northland has a long history of developing, building, owning and operating clean and green power infrastructure assets and is a global leader in offshore wind. In addition, Northland owns and manages a diversified generation mix including onshore renewables, solar and efficient natural gas energy, as well as supplying energy through a regulated utility. Headquartered in Toronto, Canada, with global offices in eight countries, Northland owns or has an economic interest in 2.7 GW (net 2.3 GW) of operating generating capacity and a significant inventory of early to mid-stage development opportunities encompassing approximately 4 to 5 GW of potential capacity. Publicly traded since 1997, Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C, respectively. NON-IFRS FINANCIAL MEASURES This press release includes references to Northland’s adjusted earnings before interest, income taxes, depreciation and amortization (“adjusted EBITDA”), Free Cash Flow (and as adjusted) and per share amounts, which are not measures prescribed by International Financial Reporting Standards (IFRS). Adjusted EBITDA, Free Cash Flow (and as adjusted) and per share amounts do not have any standardized meaning under IFRS and, as presented, may not be comparable to similar measures presented by other companies. Non-IFRS financial measures are presented at Northland’s share of underlying operations. These measures should not be considered alternatives to net income, cash flow from operating activities or other measures of financial performance calculated in accordance with IFRS. Rather, these measures are provided to complement IFRS measures in the analysis of Northland’s results of operations from management’s perspective. Management believes that adjusted EBITDA, Free Cash Flow (and as adjusted)and per share amounts are widely accepted and understood financial indicators used by investors and securities analysts to assess the performance of a company and its ability to generate cash through operations. These measures provide investors with additional information to assist them in understanding these critical components of Northland’s financial performance, including Northland’s ability to generate cash through current operations. These measures have been applied consistently for all period presented in this document. Refer to Management’s Discussion and Analysis in the most recent 2020 Annual Report, which can be found on SEDAR at www.sedar.com under Northland’s profile and on northlandpower.com, for an explanation of these terms and for reconciliations to the nearest IFRS measures. FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements including certain future oriented financial information that are provided for the purpose of presenting information about management’s current expectations and plans. Readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects,” “anticipates,” “plans,” “predicts,” “believes,” “estimates,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” These statements may include, without limitation, statements regarding Northland’s expectations or ability to complete the acquisition of the Portfolio in the third quarter of 2021, on the terms negotiated by Northland or at all, Northland’s ability to integrate the Portfolio if the acquisition closes, the source of proceeds to pay for the acquisition of the Portfolio, future expected adjusted EBITDA, Free Cash Flows (and as adjusted) and per share amounts, guidance, and the closing date of the Offering, the completion of construction, attainment of commercial operations, the potential for future production from project pipelines, cost and output of development projects, litigation claims, plans for raising capital, and the future operations, business, financial condition, financial results, priorities, ongoing objectives, strategies and outlook of Northland and its subsidiaries. These statements are based upon certain material factors or assumptions that were applied in developing the forward-looking statements, including the design specifications of development projects, the provisions of contracts to which Northland or a subsidiary is a party, management’s current plans and its perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. Although these forward-looking statements are based upon management’s current reasonable expectations and assumptions, they are subject to numerous risks and uncertainties. Some of the factors that could cause results or events to differ from current expectations include, but are not limited to, the ability to satisfy all closing conditions to the acquisition of the Portfolio and the Offering, respectively, risks associated with assets such as those in the Portfolio, Northland’s ability to integrate the Portfolio, revenue contracts, impact of COVID-19 pandemic, Northland’s reliance on the performance of its offshore wind facilities at Gemini, Nordsee One and Deutsche Bucht for approximately 60% of its adjusted EBITDA and Free Cash Flow, counterparty risks, contractual operating performance, variability of revenue from generating facilities powered by intermittent renewable resources, operational risks, permitting, construction risks, project development risks, acquisition risks, financing risks, interest rate and refinancing risks, liquidity risk, credit rating risk, currency fluctuation risk, variability of cash flow and potential impact on dividends, taxation, natural events, environmental risks, health and worker safety risks, market compliance risk, government regulations and policy risks, utility rate regulation risks, international activities, reliance on information technology, labour relations, reputational risk, insurance risk, risks relating to co-ownership, bribery and corruption risk, legal contingencies, and the other factors described in the “Risks Factors” section of Northland’s 2020 Annual Information Form, which can be found at www.sedar.com under Northland’s profile and on Northland’s website at northlandpower.com. Northland’s actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. The forward-looking statements contained in this release are based on assumptions that were considered reasonable as of the date hereof. Other than as specifically required by law, Northland undertakes no obligation to update any forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise. For further information, please contact: Wassem Khalil, Senior Director, Investor Relations & Strategy+1 (647) email@example.com For media inquiries, please contact Susan Sperling, Director of Communications+1 (647) firstname.lastname@example.org