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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 and carries out its operations in Quebec, Ontario and British Columbia, Canada, France and Idaho, U.S. Innergex Renewable Energy was founded in 1990 and is based in Longueuil, Quebec.

DEAL STATS #
Overall 1 of 5
Sector (Renewable Energy) 1 of 5
Type (Add-on Acquisition) 1 of 4
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2015) 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.

Buy $1.1B
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