May 12, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Algonquin Power & Utilities Corporation (NYSE:AQN) (AQN) (Oakville, Ontario) announced Thursday it plans to spend about $1 billion in capital investment in fiscal-year 2023, which includes $700 million for its Regulated Services business and about $300 million for its Renewable Energy business. Despite the spending and an ongoing commitment to its energy-transition strategy, Algonquin Power said it has initiated a strategic review of its Renewable Energy arm. Industrial Info is tracking more than $813 million in renewable energy projects from Algonquin Power that fall within Industrial Info's assessment of having a high or medium probability of moving forward as planned.
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