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FirstLight buys Canadian firm Hydromega

Richard Heap
September 19, 2023

US renewables and storage firm First Light Power is set to add 2GW to its development pipeline by acquiring Canada's Hydromega Services.

Hydromega owns stakes in ten hydropower plants in Ontario and Québec; and also has a 2GW development pipeline of wind, solar, storage and hydro projects. The acquisition enables FirstLight to double its project development pipeline in the US and Acanada to 4GW,

The deal is due to close by the end of 2023.

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