ATCO Grows Renewable Energy Portfolio With Major Acquisition From Suncor

October 07, 2022

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Canadian Utilities Limited, an ATCO company, announced it has entered into a definitive agreement with Suncor Energy Inc., to acquire a portfolio of wind and solar assets and projects located in Alberta and Ontario for a purchase price of $730 million, subject to closing adjustments.

Bennett Jones is acting for Canadian Utilities Limited.

The acquisition:

The Bennett Jones deal team is led by Luke Morrison (Corporate/Energy) and includes Ashley White (Corporate/Energy), Will Osler (Corporate/Securities), Julia Pasieka and Sydney Olsen (Corporate/Commercial), John Gilmore and Susan Seller (Employment/Pensions), Denise Bright (Finance), Deirdre Sheehan (Regulatory), Alixe Cameron, Samantha Lush and Michael Ramsay (Real Estate), and Kyle Donnelly (Competition).

More details on the acquisition are available here.

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