Generation of 1,302 GWh was below our 1,382 GWh estimate while revenue of $172 mm was in line with our/consensus $172 mm estimate and adjusted EBITDA of $94 mm was slightly below our/consensus estimate of $96 mm. Northland’s 600 MW Gemini offshore wind project has advanced with two turbines being installed in February 2016, with the remainder expected to be installed throughout 2016 and 2017. Nordsee One is on schedule and budget with all 54 foundations in production with >50% completed; a total ....
26 Feb 2016
Reports 4Q15; Meets Estimates; Provides Project Update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Reports 4Q15; Meets Estimates; Provides Project Update
Northland Power Inc. (NPI:TSE) | 0 0 1.8% | Mkt Cap: 3,794m
- Published:
26 Feb 2016 -
Author:
Steven I. Paget -
Pages:
5
Generation of 1,302 GWh was below our 1,382 GWh estimate while revenue of $172 mm was in line with our/consensus $172 mm estimate and adjusted EBITDA of $94 mm was slightly below our/consensus estimate of $96 mm. Northland’s 600 MW Gemini offshore wind project has advanced with two turbines being installed in February 2016, with the remainder expected to be installed throughout 2016 and 2017. Nordsee One is on schedule and budget with all 54 foundations in production with >50% completed; a total ....