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Bullboard - Stock Discussion Forum 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... see more

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TSX:NPI - Post Discussion

Northland Power Inc > Northland to take breather

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Post by BayWall on Sep 29, 2023 10:32pm

Northland to take breather

Northland to take breather from offshore wind following Hai Long and Baltic Power financing

Canadian utility said with close of two gigascale arrays in Poland and Taiwan, it can be choosy for future projects

29 September 2023 19:07 GMT UPDATED 29 September 2023 19:36 GMT

By Tim Ferry

Canadian energy firm Northland Power confirmed it would not pursue further offshore wind projects “for two or three years”, according to CEO Mike Crawley, following successful financial close of two projects in Poland and Taiwan.

“We can pause on offshore wind now that we've locked down our costs on these two large projects, execute on them and then come back to the market in two- or three-years’ time to procure for a future pipeline,” said Crawley, highlighting steep inflation and financing costs and turmoil in the supply chain.

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