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Northland Power Inc (Ontario) T.NPI.PR.B


Primary Symbol: T.NPI Alternate Symbol(s):  T.NPI.PR.A | NPICF | NPIFF

Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas and renewable resources such as wind and solar. The Company’s segments include offshore wind facilities, onshore renewable facilities, natural gas facilities, and utilities. The Company’s natural gas facilities use turbines to produce electricity. It owns or has an economic interest in approximately 3.4 GW (net 2.9 GW) of operating capacity. The Company also has an inventory of projects in construction and in various stages of development encompassing approximately 12 GW of potential capacity. It operates power infrastructure assets in Asia, Europe, Latin America, and North America.


TSX:NPI - Post by User

Post by BayWallon Mar 29, 2023 10:35am
134 Views
Post# 35366819

Northland Power's Gemini windfarm to power world's largest..

Northland Power's Gemini windfarm to power world's largest..
The world's largest offshore green hydrogen plant.

Power coming from Northland's Gemini Windfarm. But another windfarm for added capacity will also be built next to Northland's windfarm. Only natural Northland should be involved in tendering a bid.
 
 

Plans had called for a wind farm tender in 2022 but were delayed while additional studies were taking place to finalize the route for the export cables from the site to shore.

The designated site consists of nearly 30,000 square acres and the government reports there is strong support within the Groningen region for the project. The wind farm plan calls for the development of a new farm located north of the Wadden Islands that would provide 700 MW of electric power from wind. The existing Gemini Wind Farm (600 MW) lies within the region adjacent to the designated site. Gemini began operations in 2017 as one of the world’s largest offshore wind parks, both in terms of size and production.

The ministry said the wind farm would provide 500 MW of electrolysis capacity. They expect it should be operational around 2031. The site was also selected because there is an existing natural gas pipeline that can possibly be reused for transport to land.


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