M&A Deal Summary

Capital Power Acquires Island Generation Facility

On August 3, 2010, Capital Power acquired renewable energy company Island Generation Facility from Kelson Canada for 207M USD

Acquisition Highlights
  • This is Capital Power’s 1st transaction in the Renewable Energy sector.
  • This is Capital Power’s 2nd largest (disclosed) transaction.
  • This is Capital Power’s 1st transaction in Canada.
  • This is Capital Power’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2010-08-03
Target Island Generation Facility
Sector Renewable Energy
Buyer(s) Capital Power
Sellers(s) Kelson Canada
Deal Type Divestiture
Deal Value 207M USD

Target

Island Generation Facility

Campbell River, British Columbia, Canada
Island Generation facility operates an Alstom GT24B gas turbine and an Alstom steam turbine with total capacity of 275 MW. It commenced commercial operations in 2002 and has 21 operating staff.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Capital Power

Edmonton, Alberta, Canada
Category Company
Founded 1891
Sector Renewable Energy
Employees793
Revenue 4.2B CAD (2023)
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 owns more than 2,600 megawatts of power generation capacity at 14 facilities across North America and owns 371 megawatts of capacity through a power purchase agreement. An additional 490 megawatts of owned generation capacity is under construction in Alberta and Ontario. Capital Power was incorporated in 1891 and is based in Edmonton, Canada.

DEAL STATS #
Overall 1 of 5
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-17 New England Independent System Operator

United States

Tiverton and Rumford are both natural gas-fired combined cycle plants, each with a nominal capacity of 265 MW. Tiverton and Rumford have winter generation capacities of 279 MW and 270 MW, respectively with a combined maximum capacity of 549 MW.

Buy -

Seller(S) 1

SELLER

Kelson Canada

Calgary, Alberta, Canada
Category Company
Sector Utilities
DESCRIPTION

Kelson Canada Inc. is an electric generation holding company, offers electricity generation and transmission services.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal