Canada’s Algonquin Power & Utilities (APUC) will form a renewables development partnership with Spain’s Abengoa and buy part of the latter’s share in the Atlantica Yield yieldco, in the ambitious Canadian group’s first foray beyond North America.

A new joint venture, Abengoa-Algonquin Global Energy Solutions (AAGES), will look to “identify, develop, and construct clean energy and water infrastructure assets with a global focus”, said a statement from the partners.