Emera Raises $750M to Accelerate Clean Energy Transition

Emera, a North American energy leader, has successfully raised $750,000,000 in new funding from investors. From its origins as a single electric utility, Emera Inc. has evolved into a prominent energy company with operations and investments spanning Canada, the US, and the Caribbean, maintaining its headquarters in Halifax, Nova Scotia. Sustainability is central to Emera's operations, with the company playing a critical role in the clean energy transition. It focuses on making significant clean energy investments to meet decarbonization targets, simultaneously enhancing reliability and minimizing cost impacts on customers. This substantial capital infusion highlights strong investor belief in Emera's strategic vision and its ongoing commitment to developing a sustainable energy future. The funding round is a key step in strengthening the company's financial position as it navigates the complex challenges of energy transformation. Emera plans to strategically deploy the newly secured capital to further its clean energy initiatives. This includes continued investments in infrastructure upgrades, the integration of additional renewable energy sources, and the development of innovative technologies across its wide network of affiliated companies, such as Nova Scotia Power, Tampa Electric, and New Mexico Gas. These efforts are designed to ensure consistent progress toward its ambitious decarbonization goals. The successful completion of this funding round provides Emera with the resources to accelerate its strategic growth plans and bolster its capacity to meet future energy demands. With a dedicated team of over 7,000 professionals, Emera remains guided by its foundational Atlantic Canadian values, fostering an innovative, trusted, and reliable energy enterprise. The company is committed to addressing the significant challenges that lie ahead in the clean energy transition, working diligently to shape a cleaner and more resilient energy future for its customers and the communities it serves.