LS Power Acquires Algonquin Power & Utilities' Renewable Energy Business
January 8, 2025
LS Power completed the acquisition of Algonquin Power & Utilities Corp.’s large-scale renewable energy business on January 8, 2025. LS Power created Clearlight Energy to operate the acquired ~3,000+ MW of operating wind, solar, battery and RNG assets, while its REV Renewables unit will acquire the remaining ~6,200 MW of development projects, expanding LS Power’s utility-scale renewables and storage footprint across the United States and Canada.
- Buyers
- LS Power, Clearlight Energy, REV Renewables
- Targets
- Algonquin Power & Utilities Corp. renewable energy business
- Sellers
- Algonquin Power & Utilities Corp.
- Industry
- Energy
- Location
- Ontario, Canada
- Transaction Type
- Divestiture
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