LS Power to Buy Algonquin's Non-Hydro Renewable Assets

January 14, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, LS Power (New York, New York) made a move that drastically increased its renewable holdings when it closed its purchase of Algonquin Power & Utilities Corporation's (NYSE:AQN) (Oakville, Ontario) non-hydro renewable assets. The move affects how LS will be structured as it creates a new subsidiary and passes some active Algonquin projects to an existing part of the company.