Algonquin Power renewable energy business — 3,000+ MW operating (44 assets) + 8 GW development pipeline
LS Power acquired Algonquin Power's renewable energy business (~3 GW operating + 8 GW pipeline) for ~$2.5B. Formed Clearlight Energy as the renewables platform under LS Power.
$2.50B
Deal Value
3,000MW
Capacity
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Algonquin Power
- Buyer / Financier
- LS Power
- Deal Value
- $2.5B
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- PR Newswire
Capital Structure
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.
- Seller Counsel
- Gibson, Dunn & Crutcher; Blake, Cassels & Graydon
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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