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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 Sep 06, 2023 5:16am
79 Views
Post# 35621315

RE:RE:Offshore Wind Industry

RE:RE:Offshore Wind IndustryInteresting how the Orsted request for higher subsidies plays out in the US. Willl they get their 40% instead of current 30%.

Noticed that foreign companies like BP, Equinor, Orsted , RWE are doing all the building and will receive the revenues and subsidies. Looking at the world map. it's the foreign companies to whom the electricity money will flow, including Northland. Add in demand for higher electricity prices to address recent inflation, interest rate hikes, etc

More nationalistic groups have picked up on this and demand more local content and benefits to local communities.

Also that the US Gov't themselves will have to build windfarms to meet their ambitious targets. Private enterprise may not cut it.

For low wind areas like the Gulf of Mexico, wind for green hydrogen production would make things economically feasible. The focus until now, was for the domestic consumer and not value added industry. Shell for example could build offshore windfarms to power it's operations. No need to go through an auction process.

Noticed GE trying to get a 18MW turbine built. But also watching improvement of technologies for low wind areas. RWE of Germany may have something. That's maybe why they won the recent Gulf Coast auction. Nobody else was bidding.

A lot of interesting things ahead fopr offshore wind and hoping progress will be made on most fronts. 



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