M&A Deal Summary

Alterra Power Acquires Plutonic Power

On March 7, 2011, Alterra Power acquired renewable energy company Plutonic Power for 466M USD

Acquisition Highlights
  • This is Alterra Power’s 1st transaction in the Renewable Energy sector.
  • This is Alterra Power’s largest (disclosed) transaction.
  • This is Alterra Power’s 1st transaction in Canada.
  • This is Alterra Power’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-03-07
Target Plutonic Power
Sector Renewable Energy
Buyer(s) Alterra Power
Deal Type Add-on Acquisition
Deal Value 466M USD
Advisor(s) Cormark Securities, Inc. (Financial)

Target

Plutonic Power

Vancouver, British Columbia, Canada
website
Plutonic Power identifies, develops and operates clean power projects in a safe reliable and efficient manner.

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Buyer(S) 1

Buyer

Alterra Power

Vancouver, British Columbia, Canada

website

Category Company
Founded 2008
Sector Renewable Energy
Employees119
Revenue 58M USD (2015)
DESCRIPTION

Alterra Power Corp. is a global renewable energy company, operating six power plants totaling 568 MW of generation capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, two geothermal facilities in Iceland, and a geothermal plant in Nevada. Alterra owns a 262 MW share of this capacity, generating approximately 1,300 GWh of clean power annually.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
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