Quanta Services signs agreement to sell stakes in Alberta PowerLine
Quanta Services has signed an agreement with Greystone Infrastructure Fund and IST3 Infrastruktur Global for the sale of its 20% stakes in Alberta PowerLine (APL) for CAD300 million (US$227.56 million) and the assumption of CAD1.4 billion (US$1.062 billion) in debt.
APL is a joint venture partnership of Canadian Utilities Limited (80%) and Quanta Services Inc. (20%). In 2014, it has been selected to design, build, own, and operate the Fort McMurray West 500-kV Transmission Project. The 508-km transmission line project runs from Wabamun, west of Edmonton to Fort McMurray. It was put into operation in March 2019.
Country updates
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June 11, 2019
Connor, Clark & Lunn Infrastructure completes purchase of two hydro projects in British Columbia
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has completed the purchase of a majority interest in Bremner Trio Hydro Corp. Bremner owns two construction-stage, run-of-river...
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June 05, 2019
Brookfield makes CAD750 million investment in TransAlta
TransAlta Corporation has announced an investment by Brookfield Renewable Partners and its institutional partners. This investment will ensure TransAlta will transition to 100% clean energy by 2025....
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June 05, 2019
Innergex sets to build 7.5 MW run-of-river hydropower plant in Quebec
Innergex Renewable Energy in partnership with the Pituvik Landholding Corporation is set to build a 7.5 MW run-of-river hydropower plant on the Inukjuak River near Inukjuak, Nunavik, in Queb...
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June 05, 2019
SaskPower launches RFP for 10 MW solar power plant in Saskatchewan province
Canadian utility SaskPower has launched the Request for Proposal (RFP) for the development of a 10-megawatt (MW) solar project located in Regina-Moose Mountain, Saskatchewan province, Canada...
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May 31, 2019
OTPP enters agreement for the sale of BluEarth Renewables to DIF fund
BluEarth Renewables LP has announced that Ontario Teachers’ Pension Plan and DIF Infrastructure V (DIF V), an independent infrastructure fund, have executed an agreement for the transfer of owne...
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