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Northland Power Inc (Ontario) T.NPI

Alternate Symbol(s):  T.NPI.PR.A | T.NPI.PR.B | 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 Sep 11, 2024 6:45am
88 Views
Post# 36218041

Bill C-49

Bill C-49

Bill C-49, which has already passed through the House of Commons and appeared once before a Senate committee, creates a joint regulatory scheme between Ottawa and both Nova Scotia and Newfoundland and Labrador for overseeing offshore wind projects.
 

Nova Scotia had been planning to wait for Ottawa's Bill C-49 to become law before introducing its own legislation, but it's been progressing too slowly and the province doesn't want to waste any time.

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Nova Scotia therefore is pushing ahead with legislative changes that would allow bids to open for offshore wind projects next year.

The amendments announced Tuesday will see the Canada-Nova Scotia Offshore Petroleum Board become the Canada-Nova Scotia Offshore Energy Regulator. Its new mandate will include offshore renewable energy projects and power lines.

Tory Rushton, Nova Scotia's minister of natural resources and renewables, was bullish Tuesday about the potential for offshore wind, calling it Nova Scotia's "greatest economic opportunity since the age of sail." I assume he has this in mind-The New England Maritimes Offshore Energy Corridor – Supporting a shared subsea electricity transmission backbone linking Atlantic Canada and New England. (nemoec.com)

"We're working hard to develop our offshore wind industry. It's going to help us and others reach climate change goals," Rushton said at a bill briefing.

He said he wants to issue licences for five gigawatts of offshore wind energy by 2030.

 

 

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