Who owns Alterra energy?

It was formed in 2011 through the merger of Magma Energy Corp. and Plutonic Power Corp. It develops, owns, acquires and operates hydroelectric, wind, solar energy and geothermal projects. On February 6, 2018, Innergex Renewable Energy Inc. completed the acquisition of Alterra including all its assets.

Is Alterra a subsidiary of Innergex?

Alterra Power Corp. a subsidiary of Innergex Renewable Energy Inc., is a diversified renewable power generation company based in Vancouver, British Columbia, Canada. It was formed in 2011 through the merger of Magma Energy Corp. and Plutonic Power Corp.

Who is Alterra Power Corp?

Alterra Power Corp. operates as an energy company. The Company owns and operates geothermal, hydroelectric, and wind generating facilities. Alterra serves clients worldwide.

Does Alterra Power own a geothermal power plant in Iceland?

This includes the share of Alterra Power in geothermal power plants in Iceland. In an announcement today, it has been reported that Alterra Power Corp. (formerly Magma Energ) has been acquired by Innergex Renewable Energy Inc, a Canada-based renewable power producer.

What will Alterra do for Innergex?

Alterra will complement Innergex’s current operating, under construction and prospective projects, resulting in increased geographic and technological diversification through meaningful presence in the United States and Icelandic power markets as well as the addition of geothermal power generation to Innergex’s production mix.

How does Alterra diversify Innergex's asset base?

“The geographic and energy sources profile of Alterra’s portfolio further diversifies Innergex’s asset base by adding operating hydro and wind projects in Canada, a large number of operating, under construction and prospective wind projects in the U.S. and operating geothermal assets in Iceland.