PSP Investments selling FirstLight's U.S. portfolio, will keep Canadian operations

Solar panels installation on rooftop (Tsvetan Ivanov/iStock/Getty Images)

MONTREAL — The Public Sector Pension Investment Board has signed a deal to sell the U.S. operations of FirstLight to private equity firm Hull Street Energy.

Financial terms of the agreement announced Tuesday were not immediately available.

FirstLight’s U.S. portfolio includes about 1.4 gigawatts of installed capacity across hydroelectric generation, energy storage and renewable assets in Massachusetts, Connecticut and Pennsylvania.

PSP Investments acquired FirstLight in 2016 and will keep the company’s Canadian business under the transaction.

The Canadian operations include wind, solar, hydro, and battery storage projects in Quebec and Ontario.

The deal is subject to customary regulatory approvals.

This report by The Canadian Press was first published May 19, 2026.