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Algonquin Power & Utilities Corp. Completes Sale of Renewable Energy Business to LS Power

Jan 08, 2025•over 1 year ago

Contract Type

partnership

OakvilleEnergyRenewable Energy

Description

Algonquin Power & Utilities Corp. has announced the successful completion of the sale of its non-regulated renewable energy business (excluding the Company’s hydro fleet) to a wholly owned subsidiary of LS Power. The company aims to use the net proceeds from the transaction to pay down existing debt and strengthen its balance sheet.

Company Information

Company

Algonquin Power & Utilities

Location

Oakville, Ontario, Canada

About

Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.

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