PSP Investments, ATRF finalize acquisition of AltaGas Canada
AltaGas Canada Inc. (ACI), the Public Sector Pension Investment Board (PSP Investments) and the Alberta Teachers' Retirement Fund Board (ATRF) have completed the acquisition of all of the 30,000,000 common shares of ACI by PSPIB Cycle Investments Inc., a wholly-owned subsidiary of TriSummit Cycle Holding Inc., in an all-cash transaction pursuant to a plan of arrangement under Section 192 of the Canada Business Corporations Act. The purchaser acquired each Common Share for CAD33.50 (US$23.7), for a total consideration of CAD1.005 billion (US$709.8 million).
In connection with the completion of the Arrangement, ACI's name will be changed to TriSummit Utilities Inc.
TriSummit Utilities Inc. will remain incorporated under the CBCA, with its headquarters located in Calgary, Alberta.
Country updates
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April 01, 2020
Sale of 400 MW offshore wind project in Canada
NaiKun Wind Energy Group Inc. has entered into an agreement to sell the 400 MW NaiKun Offshore Wind Farm located in the Hecate Strait off the coast of British Columbia, Canada to Northland Power Inc....
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March 27, 2020
PSP Investments, ATRF receive commission approval for AltaGas Canada acquisition
AltaGas Canada Inc. (ACI), Public Sector Pension Investment Board (PSP Investments) and the Alberta Teachers' Retirement Fund Board (ATRF) have received the approval from the Alberta Utilities Commiss...
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March 11, 2020
Innogy signs PPA deal with West Fraser for 27 MW Prairie Sunlight III solar project in Vauxhall
Innogy has signed a long-term power purchase agreement with West Fraser Timber Co. LTD for the supply of green electricity from Innogy's 27 MW Prairie Sunlight III solar project in Canada. With this c...
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February 24, 2020
Xebec, Bähler to build a Bahler renewable natural gas (RNG) project in Quebec
Xebec Adsorption Inc. and Bähler Biogas Inc. (Bähler) have signed an agreement to develop an integrated facility to process various organic wastes for the production of renewable natura...
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February 17, 2020
Siemens to supply turbines to Suncor's 400 MW Forty Mile wind project in Alberta
Siemens Gamesa Renewable Energy SA has secured a contract to supply 45 SG 4.5-145 nominal capacity of 205 MW and a 20-year maintenance agreement for the 400 MW Forty Mile wind proj...
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