PSP Investments Exits FirstLight's US Assets, Retains Canadian Ones
The Canadian Press reports PSP Investments selling FirstLight's US portfolio, will keep Canadian operations: The Public Sector Pension Investment Board has signed a deal to sell the U.S. operations of FirstLight to private equity firm Hull Street Energy. Financial terms of the agreement announced Tuesday were not immediately available. FirstLight's U.S. portfolio includes about 1.4 gigawatts of installed capacity across hydroelectric generation, energy storage and renewable assets in Massachusetts, Connecticut and Pennsylvania. PSP Investments acquired FirstLight in 2016 and will keep the company's Canadian business under the transaction. The Canadian operations include wind, solar, hydro, and battery storage projects in Quebec and Ontario. The deal is subject to customary regulatory approvals. Freschia Gonzales of Benefits and Pension Monitor also reports pension fund sells 1.4 GW of US clean power assets: PSP Investments is exiting its US clean pow...