PSP Investments selling FirstLight's U.S. portfolio, will keep Canadian operations - BNN Bloomberg
Original article ↗Key figures
PSP Investments is selling its 79% stake in FirstLight Renewable Energy’s U.S.
portfolio to U.S.-based renewable energy company NextEra Energy for $1.65 billion, while keeping a majority of the Canadian operations.
PSP Investments acquired its stake in FirstLight in 2019 from Brookfield Renewable Partners for $1.6 billion.
Quoted verbatim from the article — not summarised.
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Signal breakdown
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ML v2 (DistilBERT)
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Ensemble
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Excerpt from BNN Bloomberg
PSP Investments is selling its 79% stake in FirstLight Renewable Energy’s U.S. portfolio to U.S.-based renewable energy company NextEra Energy for $1.65 billion, while keeping a majority of the Canadian operations.
The deal was announced by PSP Investments on Tuesday, with the transaction expected to close by the end of this year. The Canadian operations will continue under PSP Investments' ownership and management.
FirstLight is a leading developer, owner, and operator of renewable energy projects in North America, focusing primarily on large-scale solar and wind farms.…
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