About Algonquin Power & Utilities Corp. and Liberty
Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility with approximately $13 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN is a global leader in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. AQN owns, operates, and/or has net interests in over 3 GW of installed capacity.
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The portfolio comprises the 205MW Bright Stalk and 200MW Harvest Ridge projects.
Bright Stalk entered into commercial operation in December 2019 in the PJM power market, while Harvest Ridge came online in July 2020 in the MISO market.
Vestas will continue to provide turbine operation and maintenance services under 15-year agreements.
EDPR will remain as minority owner with responsibility for the day-to-day management of the wind farms.
The transaction is expected to close in June 2021, with the potential to upsize to 80% subject to agreement between the parties, Greencoat said.
Jefferies acted as exclusive financial advisor to Greencoat on the deal.
In January 2021, Greencoat announced an investment in a 861MW US wind portfolio in joint venture with RWE and Algonquin Power & Utilities Corp.
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OAKVILLE, ON, April 6, 2021 /CNW/ - Algonquin Power Co., a subsidiary in the Liberty Renewable Energy Group of Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ( Liberty Power ) announced today that it has offered for sale C$400 million 2.85% senior unsecured debentures with a maturity date of July 15, 2031 (the Liberty Power Debentures ) pursuant to a private placement in Canada (the Offering ). The Liberty Power Debentures were offered at a price of C$999.92 per C$1,000 principal amount.