Northland Power Provides Business Update, Announces 2021 Financial Outlook, and Launches Its …
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 usage are increasingly adopting offshore wind to support their de-carbonization objectives and their renewable energy targets. As a global developer with extensive expertise in developing offshore wind projects, Northland is strategically positioned to compete in this global transition and further grow its global portfolio