Algonquin Power & Utilities Corp. Secures Financing for Kentucky Power Acquisition
Algonquin Power & Utilities Corp. secured financing from Credit Agricole CIB, National Bank of Canada, and Sumitomo Mitsui Banking Corporation to support its acquisition of Kentucky Power from American Electric Power (AEP).
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Counterparts (5)
Lender
National Bank of Canada
National Bank of Canada acted as a lender in one verified deal: a $1.5B financing for energy storage in the USA. Their activity is focused on the energy storage technology sector within the United States.
Credit Agricole CIB
Credit Agricole CIB acted as a lender in one verified deal: the $870.75M green bond financing for a solar project in the United Arab Emirates. This single deal highlights their activity as a lender in the renewable energy sector, specifically solar, within the UAE.
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese bank that provides financial services globally. They are involved in infrastructure projects as lenders and advisors, focusing on a variety of sectors including renewable energy, transportation, and utilities.
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Announced
Apr 29, 2024
Signed
Closed
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Global Infrastructure Sherpa