Algonquin Power Completes Sale of Its Renewable Energy Business

Algonquin Power & Utilities Corporation (AQN) announced that it has completed the sale of its non-regulated renewable energy business to a wholly owned subsidiary of LS Power for a total consideration of up to $2.5 billion, excluding debt. This deal excludes Algonquin Power’s hydro fleet.Details of AQN’s Renewable BusinessThe renewables business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 megawatts (MW) of ...