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Northland Power Inc (Ontario) T.NPI

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

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 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

Northland Power Inc (Ontario) > Sale of Iroquois Falls/Kingston Efficient Natural Gas Facil.
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Comment by BayWallon Apr 08, 2022 9:32am
64 Views
Post# 34587400

RE:RE:RE:Sale of Iroquois Falls/Kingston Efficient Natural Gas Facil.

RE:RE:RE:Sale of Iroquois Falls/Kingston Efficient Natural Gas Facil.If that's where the electricity is going, to Bitcoin mining. But what choice was there? Contracts for two generating stations expired and facilities were sitting idle.

The decision by an Ontario System Operator in 2017 and 2021 not to extend contracts started everything. More focused on going SMR nuclear route.

Northland talks about the sale as if the funds received are something significant.

Yes that Bitcoin stuff. The amount yet demanded for bitcoin mining the future In Quebec, Ontario and BC is incredible. Would use up a significant amount of the electricity produced. Sad to see (taxpayer subsidized) hydro power going to such operations.

But money talks. I never known for money to remain silent, expect in bank accounts paying 0%.



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