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Northland Power Inc 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, efficient 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

Post by BayWallon Mar 23, 2022 1:15pm
79 Views
Post# 34538322

Competition

CompetitionIt's not easy. Northland has to compete with the best renewable energy developers in the world. The company doesn't have deep pockets as compared to the others. The recent high auction bids for sea bed leases in the US and England are beyond Northland's reach.

So have to go into areas where there's at least a chance of winning and still make a good return. I see more diversification into onshore wind. The Spanish company acquisition was part of that strategy for Europe.

In Canada, competition is keen also. Companies around the world bid on projects. In Sask for example, a 200MW windfarm--"Saskatchewan is an ideal place to build some of the most cost-effective wind power in the world. With many world-class renewables companies qualified to bid, the tender was highly competitive and RES and its partner, Cowessess First Nation, strove to deliver best value to SaskPower," said Peter Clibbon, RES Senior VP of Development.
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