Algonquin Power Expands Globally in New Deal with Spanish Firm

Algonquin Power

Algonquin Power & Utilities Corp. says it is partnering with Spain-based Abengoa, S.A. on a new joint venture focused on global clean energy and water projects.

The company says it will also buy a 25 per cent interest in Atlantica Yield plc from Abengoa for about US$608 million to expand its international project portfolio.

Algonquin says the Atlantica deal will give it cash flow from the company’s long-term contracted clean energy and water infrastructure assets.

It says the Abengoa partnership offers near-term development opportunities representing some US$300 million in investment opportunities.

The company says Atlantica owns and operates 21 facilities including clean power generation, electricity transmission lines and desalination plants.

Algonquin is a diversified utility with generation, transmission and distribution assets in Canada and the United States.

Related Articles

Latest Articles

Changing Scene

  • Save the Date: Ontario Apprenticeship Summit 2026 – November 4, 2026

    Save the Date: Ontario Apprenticeship Summit 2026 – November 4, 2026

    July 6, 2026 Skilled Trades Ontario (STO) is pleased to announce that the third annual Ontario Apprenticeship Summit will take place during National Skilled Trades and Technology Week. Industry partners, skilled trades professionals, and apprentices are invited to attend the Toronto Congress Centre on Wednesday, November 4, 2026. The Ontario Apprenticeship Summit 2026 is focused… Read More…

  • Fort McMurray Apprentice Electrician to Represent Canada at Skilled Canada National Competition

    Fort McMurray Apprentice Electrician to Represent Canada at Skilled Canada National Competition

    July 6, 2026 In recognition of World Youth Skills Day, which underscores the vital role of skills development among young people, Skills/Compétences Canada (SCC) is proud to officially announce the 31 talented members of WorldSkills Team Canada 2026.These young competitors will begin their training to prepare for the 48th WorldSkills Competition, in Shanghai, China, which will be held… Read More…

  • Westburne Celebrates 100 Years with Brandon Trade Show

    Westburne Celebrates 100 Years with Brandon Trade Show

    July 6, 2026 Recently, Westburne hosted over 200 guests and over 60 partners and suppliers at their Brandon Trade Show to celebrate 100 years of Westburne. “Westburne’s annual Midwest Tradeshow welcomed more than 220 attendees in Brandon this year, including representatives from over 60 partner businesses and suppliers. Taking place annually for over 15 years,… Read More…

  • B.C. Expands Energy Efficiency Program to Provide No-Cost Retrofits to Homeowners, Tenants

    B.C. Expands Energy Efficiency Program to Provide No-Cost Retrofits to Homeowners, Tenants

    July 3, 2026 Together with BC Hydro, FortisBC and Natural Resources Canada, the Province is supporting families with lower incomes to save money on their utility costs through home-energy improvements.  “We are taking action to help people lower their utility bills by expanding our home energy-efficiency programming for lower-income families,” said Adrian Dix, B.C.’s Minister… Read More…