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Why Analysts Are Very Bullish on This Top TSX Renewables Play More on: Image source: Getty Images Renewable power is the focus of many long-term energy investors today. And for a good reason. ESG investing isn’t just a fad. It’s here to stay. For investors who agree, here’s why Northland Power(TSX:NPI) is a great long-term pick right now. Eyes on global offshore expansion Recently, Northland acquired an operating portfolio of renewable projects based in Spain for a whopping $1.6 billion. Simultaneously, it also raised equity worth $990 million. Bill Cabell, an analyst from Desjardins Securities, thinks such a deal is the perfect launch pad for Northland in Europe. Similarly, analysts believe that the acquisition will boost Northland’s cash flow and place it in a favourable position to tap into its growth position in a transitioning market.

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