Canada’s Algonquin Power & Utilities Corp (<a href="https://money.tmx.com/en/quote/AQN" target="_blank">TSX:AQN</a>) is selling its non-hydro renewables business for up to USD 2.5 billion (EUR 2.29bn), excluding debt, it announced on Friday, almost a year to the day after it stated its real value lied in being a pure-play regulated utility.