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 …