An Ontario-based utility company is getting out of the renewables business after it lost more than $250 million in Q2, the company said this week. The company's board chairman, Kenneth Moore, said that the company will now focus on being a pure-play utility company. Algonquin Power and Utilities Corp reported earnings losses attributable to shareholders of $253.
2 million in Q2, after sustaining a $33.4 million loss in the same quarter last year. The Q2 loss was larger than its total loss through the full year 2022. The company reported that the…Algonquin Power To Sell Renewables Division As Losses Mount
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