On October 6, 2022, Canadian Utilities Limited, part of ATCO, has signed a definitive agreement to purchase a collection of wind and solar assets and projects from Suncor Energy Inc. These assets are situated in Alberta and Ontario and the transaction is valued at $730 million, subject to final adjustments. The anticipated closure of this deal is in the first quarter of 2023, pending regulatory approvals and standard closing conditions. Nancy Southern, CEO of ATCO and Canadian Utilities, emphasized the acquisition's role in advancing Canada's net-zero goals through a blend of renewable electricity, hydrogen, and natural gas. Bob Myles, Executive VP at ATCO and Canadian Utilities, highlighted the company's ongoing commitment to the energy transition, noting that this investment bolsters their renewable offerings and brings new development opportunities. Key assets in this acquisition include the 202 MW Forty Mile wind project in Alberta and a majority stake in the Adelaide wind facility in Ontario. ATCO is also set to obtain a development pipeline with over 1,500 MW of wind and solar projects at diverse development stages. The purchase supports ATCO's goals of managing over 1,000 MW of renewable energy by 2030 and targeting net-zero greenhouse gas emissions by 2050. Legal advisors were not mentioned in the provided article.