Caisse de dépôt to help fund Innergex's $1.1 bln buy of Alterra
Innergex Renewable Energy Inc (TSX: INE) has agreed to acquire Alterra Power Corp (TSX: AXY), a Vancouver renewable energy company that oversees power plants totalling 825 megawatts of hydro, wind, geothermal and solar generation capacity. The deal, valued at $1.1 billion, including debt, is expected to close in Q1 2018. Funding of the acquisition will include a $150 million subordinated unsecured loan provided by Caisse de dépôt et placement du Québec, an existing Innergex backer. Innergex, a Longueuil, Québec developer and operator of hydroelectric facilities, wind farms and solar farms, said the deal will diversify its assets geographically and by energy source.
30 October 2017•10 mins read
