Atlantica Sustainable Infrastructure has announced the acquisition of a Canadian renewable energy platform, marking a significant development in the energy transition landscape. This acquisition involves 236 MW of operational capacity and an additional 0.81 GW pipeline of renewable and storage projects in Canada. Among the key assets are operational wind facilities in Quebec and Alberta with long-term power purchase agreements. This strategic move enhances Atlantica's presence in Canada and supports its strategy for growth in North America's renewable energy sector. The transaction, pending regulatory approvals, is expected to be completed by the end of 2025.
In other market news, Lite-On Technology (TWSE:2301) was a notable mover up 9.9% and finishing the session at NT$133.50, not far from its 52-week high. Meanwhile, Barito Renewables Energy (IDX:BREN) trailed, down 7.7% to finish the session at IDR7,200.00.
Lite-On Technology is swiftly advancing into high-value sectors to potentially boost profitability. Click through to explore the strategic expansion narrative of Lite-On Technology.
For a comprehensive understanding of market dynamics and investment opportunities in the energy transition, read our 'Market Insights' article on navigating the turbulent shift to greener energy. Explore it before others catch on!
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