Northland Power makes new appointment

In: Windfarms
Northland Power Inc. (Northland) has appointed Wendy Franks as Executive Vice President, Strategy and Investment Management, effective June 29, 2020. Franks will be based out of Northland's Toronto office and will be responsible for leading the company’s strategy and investment management functions, including the development of key strategic programmes intended to generate new areas of growth for the company. In addition, she will be responsible for the management of Northland’s asset portfolio, with a focus on enhancing economic contributions and returns from our existing asset portfolio to create value for shareholders.

Wendy Franks brings to Northland more than 15 years of leadership in business strategy, investment management, and making strategic investments in transformative growth opportunities (both organic and M&A focused) across multiple technologies and jurisdictions within the renewable energy and infrastructure asset sectors. Most recently, she was Senior Principal, Relationship Investments in the Active Equities department of the Canada Pension Plan Investment Board (CPPIB), where she led the group’s industry coverage of the Financials and Utilities, Renewables & Clean Technology sectors in North America. Prior to joining CPPIB, she was an Associate Principal at McKinsey & Co., where she served as a senior member of the risk practice and the corporate and investment banking practice.

“I am very excited to welcome Wendy to the Northland team,”
noted Mike Crawley, President & Chief Executive Officer of Northland. “Wendy brings an extensive track record of developing investment theses and executing on strategic investment opportunities in renewable infrastructure. Her experience in sourcing and investing in renewable assets will be key to our strategy as Northland looks to capitalize on the next wave of global decarbonization that is unfolding.”

Franks holds a PhD in Bioelectronics from the Swiss Federal Institute of Technology, Zurich and a Master's Degree in Applied Science in Electrical Engineering from the University of Waterloo, Ontario.

Headquartered in Toronto, Northland Power owns a number infrastructure assets with combined operating generating capacity of  2,681 MW (net 2,266 MW) with 130 MW of generating capacity under construction. The company also owns and interest in a number of offshore wind farms worldwide, including a 60% equity stake in the 1,044 MW Hai Long projects, under development in Taiwan.

For more information on offshore wind farms worldwide, click here.

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