TSX:NPI - Post Discussion
Post by
BayWall on Apr 20, 2023 8:55am
Globe & Mail today
Mr. Merer of National Bank Financial, thinks the Canadian federal budget could "speed up" development. Accordingly, Mr. Merer boosted his share target for Northland Power to $42 from $40, while maintaining his "outperform" recommendation. Analysts on average target the shares at $44.80.
and
The government established the Canada Infrastructure Bank so that it could use that money to make early investments and favourable loans, with the aim of attracting private investors to new or stalled Canadian infrastructure projects that might otherwise be deemed too commercially risky, or that need large up-front investments. CIB committed $800-million to a battery storage project two years ago which attracted two new private-sector investments from renewable energy producer Northland Power and construction company Aecon.
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Seems like the Federal Govt will be involved for a long time to get renewable energy development done in this country. Without that participation, very little will get done.
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