LS Power Agrees To Acquire Large Scale Renewable Energy Business From Algonquin Power & Utilities Corp.; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities Corp. (NYSE:AQN). The acquisition includes 44 operating assets with over 3,000 MW of generating capacity and an 8,000 MW pipeline of projects in development. No financial terms were disclosed.
August 09, 2024 | 12:39 pm
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Algonquin Power & Utilities Corp. (NYSE:AQN) has agreed to sell its renewable energy business to LS Power. The business includes significant wind and solar assets in the U.S. and Canada.
The sale of the renewable energy business could positively impact AQN's stock price in the short term as it may lead to a more focused business strategy and potential capital gains from the sale.
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