We build trusting, equitable, and lasting partnerships. The relationships formed across our many projects create employment opportunities and drive economic growth. Valard is proud to work alongside Indigenous Communities across Canada. valard.com TACKLING LABOR AND SUPPLY CHAIN CHALLENGES Like many in the industry, FirstLight Power faces significant labor shortages and supply chain disruptions.These issues are critical as the company continues to pursue ambitious projects and expansions. Mantha acknowledges the dual hurdles, noting the aging workforce in the power industry and the post-pandemic supply chain bottlenecks. “On the labor side, we see a noticeable shortage of skilled technical resources, including millwrights, electricians, and I&C technicians,” he explains. He attributes part of this to the allure of the digital world, which has diverted many potential engineers and skilled tradespeople. “This issue spans Canada and the U.S., and we’re continuously working to address it.” He also highlights the improved yet still challenging supply chain conditions. “The electronics systems shortage has eased significantly since the height When asked about the company’s major projects, Mantha shares that the company is planning and evaluating several looming opportunities. “While I can’t divulge specific details due to non-disclosure agreements, our recent acquisition of Hydromega positions us well for growth in Ontario and Quebec,” he says. The focus is on wind, solar, and battery developments, while hydro remains a longer-term investment due to the extensive timelines required for greenfield development. Mantha advocates for a balanced approach when discussing the feasibility of various renewable energy sources. “We’re not emphasizing one renewable source over another,” he asserts. Our strategy is to develop what is reasonable and cost-competitive.” The competitive nature of the renewable energy sector necessitates cost-effective proposals, with lower-cost projects naturally progressing faster.“It’s an auction-style process, so having a sharp pencil is crucial to making it to the top of the successful proponents list,” he adds. 9 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 08 FIRSTLIGHT POWER
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