Divestiture • Renewable Energy

Atlantic Power Acquires Capital Power Income

On June 20, 2011, Atlantic Power acquired renewable energy company Capital Power Income from Capital Power

Acquisition Context
  • This is Atlantic Power’s 1st transaction in the Renewable Energy sector.
  • This is Atlantic Power’s 1st transaction in Canada.
  • This is Atlantic Power’s 1st transaction in Alberta.

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M&A Deal Summary

Date June 20, 2011
Target Capital Power Income
Sector Renewable Energy
Buyer(s) Atlantic Power
Sellers(s) Capital Power
Deal Type Divestiture

Target Company

Capital Power Income

Edmonton, Alberta, Canada
Capital Power Income L.P. (CPILP) portfolio includes 19 wholly-owned power generation assets located in Canada and the United States and a 50.15 per cent interest in a power generation asset in Washington State. CPILP's assets have a total net generating capacity of 1,400 MW and more than four million pounds per hour of thermal energy.
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Buyer Overview 1

Buyer

Atlantic Power

Dedham, Massachusetts, United States

Category Company
Founded 2004
Sector Utilities
Employees266
Revenue 282M USD (2019)
DESCRIPTION

Atlantic Power is a power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. Atlantic Power was formed in 2004 and is based in Dedham, Massachusetts.


Deal Context for Buyer #
Overall 2 of 4
Sector: Renewable Energy 1 of 2
Type: Divestiture 1 of 3
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Epsilon Power

Carney's Point, New Jersey, United States

Epsilon Power, LLC owned a partnership interest in a 262 MW pulverized coal-fired cogeneration facility located at the DuPont’s Chambers Works chemical complex in Carney’s Point, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-16 Primary Energy Recycling Holdings

Oak Brook, Illinois, United States

Primary Energy Recycling Holdings LLC is an energy recycling company, develops, owns, and operates recycled energy projects. The company was incorporated in 2005 and is based in Oak Brook, Illinois.

Sell -

Seller Profile 1

SELLER

Capital Power

Edmonton, Alberta, Canada

Category Company
Founded 1891
Sector Renewable Energy
Employees741
Revenue 3.8B CAD (2024)
DESCRIPTION

Capital Power is a growth-oriented North American power producer. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power was incorporated in 1891 and is based in Edmonton, Alberta.


Deal Context for Seller #
Overall 1 of 3
Sector: Renewable Energy 1 of 1
Type: Divestiture 1 of 3
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-08 Bridgeport Energy

Bridgeport, Connecticut, United States

Bridgeport Energy is a natural gas-fired combined cycle power generation plant located in Bridgeport, Connecticut, with a nominal capacity of 520 megawatts (MW).

Buy $355M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 Halkirk I Wind Project

Canada

Halkirk I Wind Project L.P. is a provider of megawatts wind power energy project services.

Buy -