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Algonquin Power reports increased earnings in Q2 - constructconnect.com - Daily Commercial News

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Ontario-based AQN_Utilities reported increases in revenues and earnings compared to the second quarter of 2021 in addition to the completion of a wind power project in Saskatchewan in its recent Q2 report.

August 17, 2022

The firm reported revenue of $624.3 million, an increase of 18 per cent compared to the second quarter of 2021; all figures are in U.S. dollars. Adjusted EBITDA was $289.3 million, an increase of 18 per cent compared to Q2 2021; and Adjusted Net Earnings were $109.7 million, an increase of 19.6 per cent compared to the second quarter of 2021.

On Aug. 5, Renewable completed its acquisition of U.S.-based Sandhill Advanced Biofuels, LLC. Sandhill is a developer of renewable natural gas anaerobic digestion projects located on dairy farms with a portfolio of four projects in the state of Wisconsin. Two of the projects recently achieved commercial operation status, while the other two projects are in late-stage development.

 

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