US-based LS Power has acquired Canada-based Algonquin Power & Utilities Corp.’s renewable energy business, adding 3 GW of wind and solar assets and 8 GW of development projects across North America. LS Power created Clearlight Energy to manage 3 GW of operational assets (44 projects) and assigned 6.2 GW of US-based development projects to subsidiary REV Renewables. This acquisition expands LS Power’s renewable portfolio of 23 GW and development pipeline, advancing its renewable energy, storage, and grid reliability across North America.
LS Power acquires Algonquin’s renewable energy business
The acquisition includes 44 wind and solar projects across the US and Canada, managed under Clearlight Energy. (Image Source: LS Power)
The South Carolina plant will manufacture 1 GW of solar cells and 1.3 GW of modules annually. (Image Source: Silfab Solar)
GoodWe India’s partnership with WatPlus Ventures expands its clean energy access across residential, commercial, and industrial sectors. (Image Source: GoodWe)
Spanish Peaks Solar supports Colorado’s renewable energy efforts, contributes to local community growth, and aligns with Tri-State’s 50% clean energy goal. (Image Credit/source: Fabersam/Pixabay)
EWEC developed solar plants in Al Faya, Al Khazna, and Al Zarraf, along with a wind farm in Sila, spanning around75 sq km. (Image Source: EWEC)