08:49 AM EST, 11/20/2025 (MT Newswires) -- Northland Power (NPI.TO) said Thursday that it agreed to acquire two battery energy storage system projects totaling 300 MW/1.2 GWh in Poland, as the company seeks to increase gross operating capacity in 2030 as part of its strategic outlook.

The company said the Mieczyslawow and Kamionka projects were acquired from Greenvolt Power Group, a global developer of renewable energy projects. Financing and the start of construction are expected in 2026, with an estimated total cost of 200 million euros.

"This acquisition marks an important milestone in advancing Poland's energy transformation and expanding Northland's portfolio in a core market," President and Chief Executive Officer Christine Healy said. "Battery storage is essential to enabling a reliable, lower-carbon energy system, and these projects represent a strong strategic fit with our growth ambitions."

Separately, Northland outlined its 2023 outlook that includes a goal to double gross operating capacity to 7 GW by 2030.

The company also aims to achieve a 10% total shareholder return and a 6% free cash flow per share compound annual growth rate, forecasted to be C$1.55 to $1.75 FCF/share, by 2030.

"Rising demand for energy is creating opportunities across our business," President and Chief Executive Officer Christine Healy said. "By maintaining a steadfast focus on safety, operational excellence, and disciplined capital allocation, we are positioning Northland to deliver sustainable, profitable growth."

Northland's share price rose 1.8% on Wednesday to $18.04 on the Toronto Stock Exchange.