Firstlight Power has announced it is to acquire Canadian renewables developer Hydromega, including ownership interest in five hydropower generating stations in Québec and five more in Northeastern Ontario.
It will also add Hydromega’s clean energy development pipeline that includes over 2GW of wind, solar, storage, and hydroelectric projects, doubling FirstLight’s development pipeline to approximately 4GW in the United States and Canada.
“The strategic acquisition of the Hydroméga platform continues an exciting and transformational period for FirstLight,” said Firstlight president and chief executive Alicia Barton.
“By adding Hydroméga’s development capabilities and operational assets to FirstLight’s existing diversified renewables and energy storage portfolio, we will position ourselves for even greater growth in the years ahead as we pursue our mission to accelerate the decarbonization of the electric grid by building, operating and integrating renewable energy and storage to meet the world’s growing clean energy needs.”
