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Northland Power Inc (Ontario) T.NPI

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

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, natural gas facilities, and utilities. The Company’s natural gas facilities use turbines to produce electricity. It owns or has an economic interest in approximately 3.4 GW (net 2.9 GW) of operating capacity. The Company also has an inventory of projects in construction and in various stages of development encompassing approximately 12 GW of potential capacity. It operates power infrastructure assets in Asia, Europe, Latin America, and North America.


TSX:NPI - Post by User

Comment by BayWallon Jan 15, 2022 2:02pm
85 Views
Post# 34320521

RE:RE:Interest rates

RE:RE:Interest rates

Northland included. 

Earnings at several European wind power generators were hit by this year's wind lulls, but the companies remain committed to increasing capacity.

The world's biggest developer of offshore wind farms, Orsted said the lower wind speeds had a negative 2.5 billion crowns ($379.20 million) impact for the first nine months of the year compared to 2020.

Germany's RWE said weaker winds caused profits at its wind and solar units to fall by 38% in the first nine months of the year.

There was nothing to suggest that climate change itself played a role in the lower wind speeds, companies in the sector said.

"We follow it on a daily basis, but we see nothing which indicate that there is a long-term change coming," Orsted's head of Continental Europe, Rasmus Errboe, told Reuters.

Statkraft also regularly measures wind speeds and conditions but had not seen any extraordinary adjustments to its data, according to its CEO.

"To my knowledge, there's not any pattern that we can see," Rynning-Toennesen said.

 
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