The winds of change 4Common Sense,
Yes, questionable investments. Beginning to see electricity nationalism in Mexico. In Scotland and other countries concerns raised about money going to foreign windfarm developers. Every time utility rates go up for households, it will be Northland, Orsted and the others viewed as the bad guys.
If can build windfarms to help in developing value-added exports for a country, green ammonia and marine fuel, fertilizer, or something for industry, then maybe can lessen the voices of concern. RWE and Northland developing green hydrogen for German steel industry, etc.
Stricter rules in the future for doing business in other countries. More use of local content requirements, etc. Maybe even tighter margins.
Orsted on Taiwan---But with low prices, extreme inflationary pressure on costs of the investment and challenging frame conditions, a financially healthy project simply cannot be made despite fantastic work by my colleagues. And if every developer continues to build projects that are not financially viable, investments in the green transformation will eventually stop. And that is a much bigger disaster than rsted not getting a project we really wanted.
Maybe then it's time for Northland more focus on Canadian projects. If profit margins are going to get squeezed in the future, everyone's bottom line will be affected.
Anyway your post:
Acquisition of Colombian Regulated Utility Business for $1.05 Billion and Concurrent $315 Million Equity Financing
if you look real hard you will find this tiny tidbit in the annual report
EBSA reslts for 2022 - Sales and Adjusted EBITDA of $64 million and $27 million, respectively, increased 9% or $5 million and 13% or $3 million compared to the same quarter of 2021, largely due to rate escalations,
no mention of whether this white elephant was above water?
What a great return on investment eh? pure genius or ? -