Innergex closes $1.1 bln buy of Alterra with CDPQ backing
Innergex Renewable Energy Inc (TSX: INE) has closed its acquisition of Alterra Power Corp (TSX: AXY), a Vancouver-based renewable energy company. The buy, announced in October, reflects a total consideration of $1.1 billion, including debt. Innergex, a Longueuil, Québec-based developer, acquirer and operator of hydroelectric facilities, wind farms, solar farms, and geothermal power plants, said the acquisition will increase its capacity to 1,609 megawatts and accelerate growth opportunities. The deal was backed by a $150 million subordinated unsecured loan from Caisse de dépôt et placement du Québec (CDPQ), an existing Innergex investor.
6 February 2018•5 mins read
