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.