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.

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Northland Power Inc (Ontario) > SMRs and the Resumed Hunt for U

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Comment by BayWallon Apr 30, 2023 8:10am

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Post# 35421416

RE:SMRs and the Resumed Hunt for U

Mr. Buffett has wind and transmission in Alberta. Maybe looking for solar? Northland has a solar portfolio of 1600MW in the pipeline.

The power produced will have to travel via Buffett's transmission network. The two will meet some day. The Alberta market looks promising. Buffett saw this a long time ago when bought out Alta Link in 2014.

"We felt that it was time to make a windfarm investment here in Alberta," said Bill Christensen, vice-president of corporate development for BHE Canada. Oct 15, 2019. Calgary-based BHE Canada, a subsidiary of Buffett's Berkshire Hathaway Energy.

"The structure of the markets here in Alberta make it so that we can invest, and do it at a profit that works for us, and at a price that works for the off-taker," Christensen explained.

Berkshire Hathaway Energy also owns AltaLink, the regulated transmission company that supplies electricity to more than 85 per cent of the Alberta population.

"If you look at just the raw power price that power is going for in Alberta right now, it's averaged around $55 a megawatt hour, or 5.5 cents a kilowatt hour. And we're selling the wind power to this customer at substantially less than that, and there's been no subsidies," Christensen said.

Positive energy outlook

Christensen said he sees a good future for Alberta's renewable energy industry, not just in wind but also in solar, particularly in the southeast of the province.

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