Algonquin Power & Utilities Corp
Total capacity of implemented projects
1 - 5 GW
Countries of projects presence
2
Algonquin Power & Utilities Corp is a Canadian company that operates in the electric distribution sector and develops renewable energy projects. The company is headquartered in Oakville, Ontario, and has operations in Canada and the United States. Algonquin Power & Utilities Corp is a publicly traded company on the Toronto Stock Exchange and the New York Stock Exchange.
The company's electric distribution segment includes the distribution of electricity to residential, commercial, and industrial customers. Algonquin Power & Utilities Corp has a total of 39 distribution utility companies in North America, serving approximately 800,000 customers. The company's electric distribution segment also includes the operation of transmission lines and substations, as well as the maintenance and repair of electrical infrastructure.
In addition to its electric distribution segment, Algonquin Power & Utilities Corp is also involved in the development of renewable energy projects. The company has a total of 51 renewable energy facilities, including wind, solar, hydroelectric, and thermal facilities. These facilities have a total installed capacity of approximately 2.5 GW and generate enough electricity to power over 700,000 homes.
Algonquin Power & Utilities Corp's renewable energy projects are located in Canada and the United States. The company's wind facilities are located in Ontario, Quebec, and the United States, while its solar facilities are located in Ontario and the United States. The company's hydroelectric facilities are located in Ontario, Quebec, and the United States, and its thermal facilities are located in the United States.
One of Algonquin Power & Utilities Corp's notable renewable energy projects is the 175 MW Deerfield Wind Energy project in Michigan. The project consists of 65 wind turbines and generates enough electricity to power approximately 50,000 homes. The company also has a 100 MW solar facility in Ontario, which is one of the largest solar facilities in Canada.
Algonquin Power & Utilities Corp is committed to sustainability and reducing its carbon footprint. The company has set a goal to reduce its greenhouse gas emissions by 20% by 2025, compared to its 2018 baseline. To achieve this goal, the company is investing in renewable energy projects and implementing energy efficiency measures in its operations.
In addition to its commitment to sustainability, Algonquin Power & Utilities Corp is also committed to corporate social responsibility. The company has a community investment program that supports local organizations and initiatives in the communities where it operates. The program focuses on education, environment, and community development.
Algonquin Power & Utilities Corp has a strong financial position, with a market capitalization of approximately CAD 12 billion as of August 2021. The company's revenue for the year ended December 31, 2020, was CAD 2.2 billion, and its net income was CAD 243 million. The company has a dividend yield of approximately 4%, making it an attractive investment for income-seeking investors.
In conclusion, Algonquin Power & Utilities Corp is a Canadian company that operates in the electric distribution sector and develops renewable energy projects. The company has a strong financial position and a commitment to sustainability and corporate social responsibility. With a total of 39 distribution utility companies and 51 renewable energy facilities, Algonquin Power & Utilities Corp is well-positioned to meet the growing demand for electricity and renewable energy in North America.