LS Power has reached an agreement with Algonquin Power & Utilities to acquire its renewable energy business.
The Renewables Business includes 44 operating assets across the U.S. and Canada. Approximately 2,700 MW of the portfolio’s assets are located domestically, within the NYISO, MISO, PJM, ERCOT and CAISO markets.
“This represents a significant strategic investment in and expansion of LS Power’s renewable energy portfolio,” says Paul Segal, CEO of LS Power.
“This business complements our existing fleet of more than 19,000 MW of top-performing renewable, energy storage, flexible gas and renewable fuels projects. We believe this platform will play a significant role in meeting the challenges of rising electric demand and advancing the energy transition.”
Milbank is serving as legal advisor and Scotiabank and BMO Capital Markets are serving as financial advisors to LS Power on the acquisition.
The post LS Power to Acquire Renewable Energy Business Algonquin appeared first on Solar Industry.
Renewable Energy
Incompetence? Not Really
Incompetence isn’t actually the issue with Trump.
Imagine for an instant that the president was paid $100 billion per year to run this country, and that he was given a $50 billion annual merit-based bonus if his key statistics were up that measured how well the country was doing in terms of the quality of Americans’ lives. Do you think he’d be starting useless and illegal wars that drive up consumer prices? Destroying the educational system and the environment?
Not for a millisecond.
Renewable Energy
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Do they truly believe this?
Renewable Energy
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