ATCO Adds Suncor's Wind, Solar Assets to Growing Portfolio

October 7, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Utilities Limited, a subsidiary of ATCO Limited (Calgary, Alberta), earlier this week purchased Suncor Energy's (NYSE:SU) (Calgary) wind and solar assets for C$730 million (US$532.38 million). As Suncor shifts its focus toward its core business, which includes hydrogen and renewable fuels, ATCO says the deal will bring its own development pipeline to more than 1.5 gigawatts (GW) of promising wind and solar projects.

Industrial Info is tracking more than US$12.5 billion worth of active power-generation projects from ATCO and Suncor. Properties sold to ATCO include Suncor's interest in three completed wind-energy facilities, as well as another under construction. ATCO, for its part, already has several renewable projects under construction in Canada's fossil fuel-rich western provinces, including two within Calgary.

Other companies featured: Siemens Gamesa, Canadian Solar Incorporated (NASDAQ:CSIQ) and First Solar Incorporated (NASDAQ:FSLR).