Algonquin power & utilities corp. agrees to sell renewable energy business to ls power for up to $2.5 billion

Transaction unlocks aqn's value as a pure-play regulated utility proceeds expected to recapitalize balance sheet and position company for future growth company to hold second quarter earnings conference call at 8:30 am e.t. oakville, on , aug. 9, 2024 /prnewswire/ - algonquin power & utilities corp. (tsx/nyse: aqn) ("aqn" or the "company") announced today that it has entered into a definitive agreement to sell its renewable energy business (excluding hydro) to a wholly-owned subsidiary of ls power (the "buyer") for total consideration of up to $2.5 billion.
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