Bullboard - Stock Discussion Forum Northland Power Inc T.NPI.PR.B

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

Utilities Utilities - Independent Power Producers

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... see more

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Northland Power Inc > Others selling their renewable energy business

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Post by BayWall on Aug 10, 2023 9:30am

Others selling their renewable energy business

Kind of rattles things. Complete sale or partial selldowns are becoming more common.

Two pension fund giants in Canada have hung a "for sale" sign on Cubico Sustainable Investments, a sustainable investment group they own, Reuters reports.

Why it matters: The sale could generate around $6 billion (including debt) for the two pension funds, the report says, a 10X valuation on the group's EBITDA that it's targeting.

Details: Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) are planning to appoint a banker in the coming weeks to advise on the sale.

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(Reuters) August 10 -Canada's Algonquin Power & Utilities said on Thursday it was considering a sale of its renewable energy unit, and that its CEO Arun Banskota had resigned and been replaced by company insider Christopher Huskilson.

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