Algonquin Power & Utilities (TSE:AQN) has released an update.
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Algonquin Power & Utilities Corp. has agreed to sell its non-hydro renewable energy assets to Altius Renewables for up to $2.5 billion, aiming to enhance shareholder value after a strategic review and competitive sale process. The deal includes $2.28 billion in cash and a potential additional $220 million tied to wind assets, with the transaction’s completion expected between Q4 2024 and Q1 2025. The sale is subject to customary closing conditions, regulatory approvals, and certain adjustments.
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