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LS Power acquires Algonquin Power & Utilities Corp.’s renewable-energy business
Transactions - JANUARY 15, 2025

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LS Power acquires Algonquin Power & Utilities Corp.’s renewable-energy business

by Kali Persall

LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, has acquired Algonquin Power & Utilities Corp.’s renewable-energy business.

The renewable-energy business includes a development pipeline of 8,000 megawatts of renewable and storage projects throughout North America.

With the close of the transaction, LS Power has formed a new company, Clearlight Energy, to manage and grow the acquired operating wind and solar assets, which are located throughout the United States and Canada and include 44 projects with more than 3,000 megawatts of generating capacity. Clearlight Energy is acquiring 1,800 megawatts of the development pipeline, which includes projects in Canada and those that are colocated with the existing operating assets. REV Renewables, a subsidiary of LS Power, will be acquiring the remaining 6,200 megawatts of development projects within the United States.

The acquisition str

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