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 Commission and the British Columbia Utilities Commission with respect to the previously announced arrangement of ACI, whereby all of the issued and outstanding common shares of ACI will be acquired for CAD33.50 (US$23.7) in cash per common share.
With all required shareholder, court and regulatory approvals having now been obtained, the arrangement is expected to be completed on or about March 31, 2020, although the transaction remains subject to customary closing conditions that cannot be satisfied until completion.
Country updates
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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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February 14, 2020
Kineticor secures development approval, signs gas supply agreements for 900 MW Cascade Power Project in Alberta
Kineticor Resource Corp. have received all major approvals from the Alberta Utilities Commission and Alberta Environment and Parks for the 900 MW Cascade Power Project. In addition, Cascade has execut...
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February 13, 2020
Innergex closes sale of 19.9% stake to Hydro-Quebec
Innergex Renewable Energy Inc has completed the sale of a 19.9% stake in the Canadian electricity producer Hydro-Quebec for a total consideration of CAD661 million (USD$498 million) investme...
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