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Energy & Natural Resources| Client Successes

Algonquin Expands Globally With Joint Venture

Situation

Algonquin Power & Utilities Corp. sought to form a joint venture with Spanish renewable energy developer Abengoa, S.A., for the international development and construction of clean energy and water infrastructure assets.

Result

Our team counseled Algonquin on acquiring a 25 percent, $608 million equity stake in an English company, Atlantica Yield plc, and formed a joint venture with Abengoa. We also served as U.S. counsel in the $500 million equity offering by Algonquin in Canada, the proceeds of which partially funded the acquisition. 

Husch Blackwell Team: James G. Goettsch, John C. Crossley, Michael J. Eason, Chauncey M. Lane, Teresa A. Reinking, Michael L. Fisher, Arooj Z. Nazir, Meghan L. Brennan