Staggering $2.5bn deal: Algonquin Power to sell renewable energy assets to LS Power

Staggering $2.5bn deal: Algonquin Power to sell renewable energy assets to LS Power

Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) has made headlines with its decision to sell its renewable energy business, excluding hydro assets, to LS Power for a substantial total consideration of up to $2.5 billion. This move is part of Algonquin Power & Utilities Corp.’s strategy to evolve into a pure-play regulated utility, aiming to […]