Just Energy Agrees to Sell Commercial Solar Unit for $23 Million

Sept. 19 (Bloomberg) — Just Energy Group Inc., a Canadian
provider of natural gas and electricity, agreed to sell its
commercial solar-development business for $23 million.

The company is selling Hudson Energy Solar Corp. to a
“leading global energy company,” which also will assume $33
million in debt, Mississauga, Ontario-based Just Energy said
today in a statement, without identifying the buyer.

The sale, arranged by CIBC World Markets Inc., is expected
to close on or about Sept. 30.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Robin Saponar, Will Wade

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us