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AQN Algonquin Power

6.09
-0.08 (-1.30%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Algonquin Power NYSE:AQN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -1.30% 6.09 6.21 6.10 6.19 4,115,511 01:00:00

Algonquin's Liberty, Meta Expand Renewables Deal

10/05/2022 11:00pm

Dow Jones News


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By Stephen Nakrosis

 

Liberty, part of Algonquin Power & Utilities Corp., said Tuesday it would work with Meta Platforms Inc. on a new wind power project in Michigan.

The companies signed a long-term power purchase agreement for the Deerfield II wind project, a 112MW facility which will be located in Huron County adjacent to Liberty's Deerfield I wind facility. The new deal builds on an existing renewable energy partnership the companies have at the operating Altavista solar facility in Virginia, they said.

The new deal will contribute to Liberty's ESG goals and help Meta continue to support its operations with 100% renewable energy, the companies said.

Liberty will develop, engineer, construct, own and operate the project, which should begin commercial operations in 2023, the companies said.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

May 10, 2022 17:45 ET (21:45 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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