Sugar & SaltSticker shock-as Northland taps credit markets, balance sheet problems, limited growth, expensive stock, etc are some of the phrases used by analysts when describing the stock.
To move forward will require more debt in a high interest rate environment. When acquired Dado Ocean Wind in 2020 it looked rosy with lower interest rates at that time. Seems like will get good prices for electricity.
Canada's Northland swoops for South Korean offshore wind developer | Recharge (rechargenews.com) The 1300MW South Korea number is the amount of capacity for which Northland has secured an Electricity Business License (EBL).
Dado wind project 900MW (EBL) secured out of a capacity of 1000MW.
Bolsae wind project 400MW (EBL) secured out of a capacity of 600MW.
These are the only two projects I could find on the internet. How it got to over 3000MW is unknown.