Northland Power Inc T.NPI

Alternate Symbol(s): T.NPI.P.A | T.NPI.P.B | NPIFF

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 and renewable resources such as wind and solar. The Company’s segments include offshore wind facilities, onshore renewable facilities, efficient natural gas facilities, and utilities. It operates both onshore and offshore wind facilities in Canada and Europe, with a total annual production of more than 5,000 GWh. It has about 13 ground-mounted solar projects in Canada. The Company’s natural gas facilities use turbines to produce electricity. The Company also has an inventory of projects under construction and in various stages of development encompassing over 15GW of potential capacity.

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Northland Power Inc

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Post by BayWallon Sep 29, 2023 4:05am

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Post# 35660980

Partnership strategy is key

Northland had to identify which projects to go after.

Financially strong partnerships are important, as Northland by themselves would no be able to undertake these projects. For Hai Long, Yushan Energy was there in 2013 well before Northland took notice. Selldown to Gentari brought on board a strong financial partner. Mitsui's 40% provided the other anchor. Critical partners who can finance well.

In Poland, Orlen who initially had 100% of the project, was looking for a partnership deal. Northland showed up. Orlen, a big name in the region.

We could probably see the same with others in South Korea and Japan. The cost and size of wind-farms necessitate the partnership strategy.

Can't ignore the long-term offtake agreements. A lot of wheeling and dealing behind the scenes is involved. All the financial institutions involved to effect financing is mind boggling.

Northland takes the credit in the end-- "....demonstrates the support from the global financial community and reflects their confidence in Northland and our ability to develop, procure, construct and finance large and complex offshore wind projects".

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle