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Real Assets

Algonquin Power & Utilities Corp. To Form Global Clean Energy And Water Infrastructure Joint Venture And To Purchase 25% Interest In Atlantica Yield Plc For Us $608m

by posted 1year ago 407 views

OAKVILLE, ONTARIO--(Marketwired - Nov. 1, 2017) -

Creation of international project development joint venture combines core competencies of Algonquin and Abengoa, S.A.
Near-term development opportunities from Abengoa construction projects representing expected equity investment opportunity of ~US $300 million
Interest in cash flows from Atlantica's portfolio of long-term contracted clean energy and water infrastructure assets expected to be immediately accretive to Algonquin's key financial and operating metrics
Pre-emptive option for additional capital investment by APUC in Atlantica arising from the current right of first offer pipeline representing equity investment of ~US $800 million

Algonquin Power & Utilities Corp. (TSX ...