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
Making Billions by Harming Others
On average, I meet perhaps 50 K-12 teachers each year, and I often ask them: What is the biggest challenge you face that impacts your ability to connect with and educate your students?
Here’s a rough tabulation:
Screen time, how it robs kids of their ability to pay attention, impedes social interaction, and makes parenting more difficult: 80%
Everything else combined: 20%
Maybe this is a cynical viewpoint, but it seems like that world of today revolves around the mega-corporations profiting by punishing their customers.
In this case, we have the tech giants ruining the lives of our children. Elsewhere, we have healthcare industry driving people into bankruptcy, Big Oil ruining our planet, the gun lobby murdering our kids, and, of course, an ultra-corrupt government looting our treasury to pay off billionaire donors.
Note that this wasn’t the case when we boomers were growing up 60 years ago. This is a distinctive shift from the 1960s when corporate America was focused on things like color TVs and the Ford Mustang.
Renewable Energy
Is a Team of Is a Bunch of MAGA Thugs Beating the Snot Out of a Woman a New Low, or Is it What We Now Need to Expect?
Just when we think there is a bottom, the United States sinks just a bit lower. It’s our brand nowadays.
That’s quite a left cross this thug delivered to this helpless female protestor.
It wasn’t too long ago that beating up women was taboo in America. My 11-year-old, sixth-grade son saw a male classmate of his badly bruise a girl by pushing her hard down to the ground–and proceeded to punch him in the mouth. A fellow father witnessed the scene and told me, “Your son’s fist was in that kid’s teeth within a fraction of a second.”
I had brought him up to avoid violence and achieve peaceful resolutions to conflicts, but I couldn’t fault him here.
What a disgusting bunch of turds we’ve become.
Renewable Energy
Was the Meme Here Written by a Human Being or a Bot?
We’re starting to see intimations that stupidity like this is generated and posted by Russian data centers so as to appeal to MAGA idiots and favor the Republicans in the upcoming midterms.
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