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Investegate |Northland Power Inc Announcements | Northland Power Inc : Northland Power Provides Business Update, Announces 2021 Financial Outlook, and Launches Its ESG Framework

Northland Power Provides Business Update, Announces 2021 Financial Outlook, and Launches Its ESG Framework Large Project Pipeline Positions Northland for Continued Growth in Renewables Development with Offshore Wind to Anchor the Next Phase of Growth TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) Northland Power Inc. (“ Northland” or the “ Company”) (TSX: NPI) is pleased to announce an update on its long-term plans and objectives as well as provide its 2021 financial outlook, which will be further discussed at the Company s virtual investor day later today. Over the next decade, the global transition to renewable energy is expected to accelerate as de-carbonization efforts by governments and private entities increase and further electrification of the economy gathers momentum, resulting in significant opportunities for further growth in renewable power generation and green infrastructure, especially in offshore wind. Countries with land constraints and high carbon energy

3 Top Canadian Stocks to Buy Under $50

Northland Power acquires stake in Polish offshore wind project

Advertisement Northland Power Inc. has announced that it has entered into an agreement with PKN ORLEN S.A. to acquire a 49% interest (subject to regulatory approvals) in the Baltic Power offshore wind project in the Baltic Sea, with a total capacity of up to 1200 MW of offshore wind generation. Baltic Power is a mid-development stage project located approximately 23 km offshore from Poland’s coast in the Baltic Sea. The project, which secured its location permit, signed its grid connection agreement as well as filed its environmental permit in 2020, allows Northland to capitalise on the growth in renewable energy demand in a growing Central European market. Inclusive of the purchase price, Northland expects to invest approximately PLN 290 million (CAN $100 million) towards the Baltic Power development in 2021, of which, some of this amount represents development expenditures that will be spent throughout 2021.

Monday s analyst upgrades and downgrades - The Globe and Mail

Monday s analyst upgrades and downgrades - The Globe and Mail
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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