Algonquin renewables platform — ~1.4 GW operating + in-construction wind and solar (excluding hydro)
Algonquin's pivot to pure-play regulated utility. ~$1.95B at close + ~$150M deferred for tax-attribute monetization on in-construction projects. LS Power folded assets into Clearlight Energy alongside subsequent BP US wind acquisition (closed Dec 2025).
$2.10B
Deal Value
1,400MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Algonquin Power & Utilities
- Buyer / Financier
- LS Power
- Deal Value
- ~$2.1B ($1.95B at close + ~$150M deferred)
- Stage
- Mixed (Operating + Construction)
- ISO/RTO
- Multiple
Service Providers
Advisory & Legal
- Buyer Counsel
- Milbank
- Buyer Financial Advisor
- Scotiabank, BMO Capital Markets
- Seller Financial Advisor
- J.P. Morgan
- Financial Advisor
- Scotiabank, BMO Capital Markets, J.P. Morgan
- notes
- Closed Jan 8, 2025. Acquisition added to REV Renewables' ~2,900 MW operating fleet.
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