Innergex completes acquisition of Alterra Power Corp

By Michelle Froese Innergex Renewable Energy has announced the completion of the previously disclosed acquisition of Alterra Power by way of an arrangement agreement pursuant to which Innergex acquired all of the issued and outstanding common shares of Alterra for an aggregate consideration of $1.1 billion, including the assumption of Alterra’s debt.
By 2020, Innergex’s net installed capacity is expected to reach over 2,000 MW from a well-diversified resource mix of hydro, wind, solar and geothermal projects in Canada, the U.S., France, and Iceland.
Innergex’s acquisition of Alterra is its largest to date, and adds 485 MW (gross 1,049 MW) of renewable energy assets, in

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