Hydro Review: FirstLight Power acquiring Hydroméga Services Inc., including 10 hydroelectric projects

FirstLight Power has finalized an agreement to acquire Hydroméga Services Inc., including ownership interest in five hydropower generating stations in Québec and five in Northeastern Ontario.

In addition, FirstLight will add Hydroméga’s clean energy development pipeline that includes over 2 GW of wind, solar, storage and hydroelectric projects, doubling FirstLight’s development pipeline to about 4 GW in the U.S. and Canada. The transaction is expected to close in Q4 2023 and is subject to customary closing conditions.