Brief: ATCO Grows Renewable Energy Portfolio With Major Canadian Renewables Acquisition

Canadian Utilities

05/10/2022 23:22

Oct 5 (Reuters) - Atco Ltd  ACOx.TO :
    * ATCO GROWS RENEWABLE ENERGY PORTFOLIO WITH MAJOR CANADIAN
RENEWABLES ACQUISITION
    * ATCO LTD - DEAL FOR PURCHASE PRICE OF $730 MILLION
    * ATCO LTD - THE ACQUISITION IS EXPECTED TO BE EARNINGS AND
CASH
FLOW ACCRETIVE IN 2023
    * ATCO LTD -  ENTERED AGREEMENT WITH SUNCOR ENERGY TO
ACQUIRE A
PORTFOLIO OF WIND AND SOLAR ASSETS AND PROJECTS LOCATED IN
ALBERTA AND ONTARIO
    * ATCO LTD - CO ALSO SECURES DEVELOPMENT PIPELINE WITH MORE
THAN
1,500 MW OF WIND & SOLAR PROJECTS AT VARIOUS STAGES OF
DEVELOPMENT

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWsBy43a
Further company coverage:  ACOx.TO 
 ((Reuters.Briefs@thomsonreuters.com;))