Northland says that not all projects in the pipeline will be developed. But if bring the projects to the permitted stage and with an offtaker, these projects will generate asset sale money.
I'm looking at ADO Wind example where they recently sold a 512MW wind project (Buffalo Plains) in Alberta to CIP (Copenhagen Infrastructure Partners) when the project was approved and a buyer for electricity found. Essentially the project was de-risked and thus became a valuable asset, for someone else to buy.
No dollar amount provided.
I'm seelng more a lot of selldowns or outright sales around the world. The balance between debt and equity is ongoing.
There are limits, and then more stock has to be issued or asset sales done. to generate money.
Simplywallstreet, April 13, 2023:
Northland Power clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.48. While its ROE is respectable, it is worth keeping in mind that there is usually a limit as to how much debt a company can use.