Algonquin power & utilities corp. announces inaugural asset recycling transaction

Oakville, on , oct. 3, 2022 /prnewswire/ - algonquin power & utilities corp. (tsx: aqn) (nyse: aqn) ("aqn" or the "company") today announced it has entered into an agreement to sell ownership interests in a portfolio of operating wind projects in the united states and canada to infrared capital partners, an international infrastructure investment manager that is part of slc management, the institutional alternatives and traditional asset management business of sun life financial inc. ("infrared"). this inaugural asset recycling transaction consists of the sale of a 49% ownership interest in three operating wind facilities in the united states totaling 551 mw of installed capacity (the "u.s. facilities") and an 80% ownership interest in a 175 mw operating wind facility in canada.
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