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  6. Innergex Renewable Energy Acquires The Walden North Hydroelectric Project

M&A Deal Summary

Innergex Renewable Energy Acquires The Walden North Hydroelectric Project

On December 15, 2015, Innergex Renewable Energy acquired renewable energy company The Walden North Hydroelectric Project

Acquisition Highlights
  • This is Innergex Renewable Energy’s 1st transaction in the Renewable Energy sector.
  • This is Innergex Renewable Energy’s 1st transaction in Canada.
  • This is Innergex Renewable Energy’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2015-12-15
Target The Walden North Hydroelectric Project
Sector Renewable Energy
Buyer(s) Innergex Renewable Energy
Deal Type Add-on Acquisition

Target

The Walden North Hydroelectric Project

Lillooet, British Columbia, Canada
The Walden North Hydroelectric project is a 16 MW facility located on private land in Cayoosh Creek near Lillooet, in British Columbia. It is a run-of-river hydro plant diverting flow from the Cayoosh Creek through a 250 m power tunnel and 100 m penstock, to five Litostroj horizontal Francis turbines. The facility was commissioned and has been in operation since 1992.

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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 1 of 5
Sector: Renewable Energy M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 4
State: British Columbia M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Alterra Power

Vancouver, British Columbia, Canada

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.

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