RE:RE:Interest ratesI hope NPI's Virtual Investor day will shed some light on things. Someone will probably ask about the North Sea wind.
As for interest rates, the pandemic has created economic anomalies which stand out. Easing monetary policies are being tossed out in favour of tightening the money supply to combat inflation.
But also are seeing less than stellar economic growth in some countries who are forced maintain negative interest rates. So it's tough to forecast how things will play out. Still very fragile out there.
Germany doesn't want nuclear energy, so the North Sea windfarm capacity iwill be increasing. Good long-term growth area.
With oil companies, telling someone oil could go past $90 when at $40 during 2020, would be laughed at. We won't buy-in until we begin to see progress towards that target.
Now if say something optimistic about wind farm developers and the many projects coming, some may laugh also. These projects will have to be developed even in a higher interest rate environment. Inflation adjusted PPA's are one way to go.
Can assume Northland will add more projects to their pipeline in 2022. It then comes down to financing and getting things done. The bottom line will tell the story, just like it's doing with oil and banks now.