Algonquin Power to Sell Renewable Energy Business for $2.5 Billion

Utilities has agreed to sell its renewable energy business for $2.5 billion, a year after putting the segment up for sale.

The Canadian renewable energy and regulated utility company said Friday that it has agreed to sell the business, excluding its hydro assets, to a wholly owned subsidiary of LS Power, an investment and operating company that focuses on energy production, transmission and infrastructure.

Source: REUTER