Hull Street Energy Acquires FirstLight USA U.S. Portfolio from PSP Investments
May 20, 2026
PSP Investments has signed an agreement to sell the U.S. operations of FirstLight to private equity firm Hull Street Energy. The deal transfers a portfolio of about 1.4 GW of installed clean power capacity (hydroelectric generation, energy storage, and renewables) across Massachusetts, Connecticut, and Pennsylvania, while PSP will retain FirstLight’s Canadian operations. The transaction is subject to customary regulatory approvals and is expected to close later in 2026.
- Buyers
- Hull Street Energy, LLC, Hull Street Energy
- Targets
- FirstLight USA, LLC (FirstLight U.S. operations/portfolio)
- Sellers
- PSP Investments (Public Sector Pension Investment Board)
- Industry
- Energy
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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