Company says its renewables business has 2.7 gigawatts of gross generating capacity From jefflagerquist
) new interim CEO says the renewable energy business the company intends to sell to improve its balance sheet has already received interest from potential buyers, suggesting the assets will be "very attractive to the marketplace."
Algonquin's Toronto-listed stock fell 3.29 per cent to $7.51 as at 10:41 a.m. ET on Thursday. Shares are down more than 43 per cent over the past 12 months. "Clean, affordable and reliable energy and water will be the focus of our regulated business," Huskilson said on Thursday. "We're not going to give these assets away," Huskilson said. "We have actually had inbounds already, and some very interesting opportunities where people are interested in new portfolios, and this is one. It is a portfolio at scale. It has a tremendous development pipeline, and we think it's going to be very attractive to the marketplace."
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