M&A Deal Summary

Innergex Renewable Energy Acquires Etrion - PV Salvador

On May 14, 2020, Innergex Renewable Energy acquired renewable energy company Etrion - PV Salvador from Etrion

Acquisition Highlights
  • This is Innergex Renewable Energy’s 4th transaction in the Renewable Energy sector.
  • This is Innergex Renewable Energy’s 2nd transaction in Chile.

M&A Deal Summary

Date 2020-05-14
Target Etrion - PV Salvador
Sector Renewable Energy
Buyer(s) Innergex Renewable Energy
Sellers(s) Etrion
Deal Type Divestiture

Target

Etrion - PV Salvador

Chile
Etrion Corp. - PV Salvador SpA is a 68 MW solar power plant operating in northern Chile. Salvador has several years of strong generation track record and is expected to generate 182.2 GWh annually, enough to power more than 70,000 Chilean households with clean energy.

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Buyer(S) 1

Buyer

Innergex Renewable Energy

Longueuil, Quebec, Canada

Category Company
Founded 1990
Sector Renewable Energy
Employees600
Revenue 952M CAD (2024)
DESCRIPTION

Innergex Renewable Energy develops, owns and operates run-of-river hydroelectric facilities, wind farms and solar photovoltaic farms. Innergex Renewable Energy was founded in 1990 and is based in Longueuil, Quebec.


DEAL STATS #
Overall 4 of 5
Sector: Renewable Energy M&A 4 of 5
Type: Divestiture M&A Deals 1 of 1
Country: Chile M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-15 Energia Llaima

Santiago, Chile

Energia Llaima innovates the energy generation industry by designing and operating low and medium-scale hydraulic and solar thermal plants. Energia Llaima is based in Santiago, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Aela Energia

Santiago, Chile

Aela Energía is a renewable energy generation company that has a 332 MW portfolio of three newly-built operating wind assets in Chile. Aela’s portfolio consists of the Sarco wind farm (170 MW), the Aurora wind farm (129 MW), and the Cuel wind farm (33 MW). Aela Energia was founded in 2013 and is based in Santiago, Chile.

Buy $686M

Seller(S) 1

SELLER

Etrion

Vancouver, British Columbia, Canada

Category Company
Sector Utilities
Employees5
Revenue 33M USD (2020)
DESCRIPTION

Etrion is an independent power producer that develops, builds, owns, and operates utility-scale solar power generation plants. The Company owns and operates solar parks in Japan, including four operational projects totaling 57 MW plus the 45 MW Niigata solar project under construction. Etrion is based in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Chile M&A 1 of 1
Year: 2020 M&A 1 of 1