LS Power acquires Algonquin’s renewable energy business
Energy infrastructure company LS Power has acquired Algonquin Power & Utilities’ renewable energy business, adding over 3GW of wind and solar assets across the US and Canada to its portfolio. This expands LS Power’s renewable energy capacity, which exceeds 23GW. The acquisition, agreed upon in August 2024, has led to the creation of Clearlight Energy, a new entity managing 44 projects and advancing a 1.8GW development pipeline. Clearlight Energy CEO Jeff Norman highlighted the company’s…