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Algonquin Power to acquire construction-stage 200 MW wind project in U.S.

from Proactive Investors

Algonquin Power & Utilities, which operates utility assets in North America, fell in morning trades after saying it agreed to acquire a construction-stage 200 MW wind project in the U.S. Shares declined 3 per cent to $8.80 in Toronto, paring this year's gains to 20 per cent. The Odell wind power project's construction costs are estimated to be approximately $313.5 million, the Oakville, ON-based company said in a statement. more

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