Canada’s Algonquin Power & Utilities Corp. has closed its $345m purchase of another 16.5% stake in Atlantica Yield, lifting its total stake to 41.5% in the global infrastructure operator, which owns more than 1.4GW of solar and wind capacity on four continents.

Last year Algonquin announced that it would push beyond North America for the first time, launching a development joint venture known as AAGES with Spain’s Abengoa while also buying out Abengoa’s stake in Atlantica Yield (formerly known as Abengoa Yield).