Founded in in 1988, Northland operates 3.4 Gigawatts (GW) (2.8 GWs net) of clean power generation from offshore wind (1.2 GW), onshore wind and solar (1.6 GW), and natural gas (0.7 GW). Geographically, Northland operates in Canada, with 1.25 GW power generation, in the US (220 MW), Germany (1.18 GW offshore wind), and Spain (559 MW solar). It also operates a small (16 MW) power utility in Colombia and recently sold its 130 MW solar facility in Mexico for $205 million.
Income Investor
Northland is selling for less than half its all-time high reached in 2021 on the wave of green enthusiasm. But it has growth projects in place to increase its output by two-thirds in the next three years and its EBITDA by 7%-10% annually. - Gavin Graham
Sorry!
Only current subscribers of The Income Investor may view the details of this recommendation.
Interactive Performance Chart
NPI was first recommended here on September 3, 2024