Northland Power, the Canadian independent power producer that has transformed into a significant global offshore wind player, failed to secure a buyer under its year-long “strategic review” process, Bloomberg reported.

A year ago, with its share price charting new all-time highs, Toronto-based Northland initiated a strategic review to – as chairman James Temerty then put it – ensure the company has the financial firepower it needs as it gains access to “more and larger opportunities than ever before” in the clean-power business.