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Northland Power Inc (Ontario) T.NPI.PR.B


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

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

Post by BayWallon Nov 12, 2023 8:33am
137 Views
Post# 35730723

Still waiting

Still waiting

The government also still needs to finalize tax credits for investment in clean technology, electricity, hydrogen and carbon capture. Those incentives were first announced in the spring budget and consultations on their final design were launched in June. But even Natural Resources Minister Jonathan Wilkinson seems impatient to get them up and running.

"They were intended to be a competitive response to the Inflation Reduction Act in the United States. Those tax credits in the United States have existed, and are available now, for over a year," Wilkinson told the Climate Institute's annual conference this week. "We need to get that finished so that companies can actually make investment decisions."

CBC News

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