Canadian outsiders rewarded in battle for European offshore wind

It made a direct impact on the company's bottom line that Canadian energy company Northland was one of the first North American utilities to venture into offshore wind.

The company is just 30 years old, and perhaps its young age is why Canada's Northland Power had the gumption to make huge investments in offshore wind while other North American utilities are sticking to gas and coal on the domestic market.

Northland Power booked growth in sales of 25 percent in 2017 landing at CAD 1.4 billion (EUR 896 million). Meanwhile, net earnings rose 45 percent to CAD 276 million, according to the just released annual report from the firm.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

US to bank more on nuclear power

Several US states are regarding nuclear power as a supplement to renewables when it comes to lowering emissions, but there is still opposition from a number of Democratic states.

Further reading

Related articles

Latest News

See all jobs