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Alterra Power Corp (AXY.TO)

AXY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alterra Power qtrly ‍consolidated revenue increased by 19% to $16.8 mln​
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Alterra Power Corp :Alterra Power announces results for the quarter ended september 30, 2017.Qtrly ‍consolidated revenue increased by 19% to $16.8 million in 2017​.  Full Article

INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Innergex Renewable Energy ::INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP..INNERGEX RENEWABLE ENERGY INC - DEAL FOR ‍$1.1 BILLION​.INNERGEX - ‍ALTERRA SHAREHOLDERS TO RECEIVE $8.25 PER ALTERRA COMMON SHARE, PAYABLE IN $2.06 CASH AND 0.4172 OF A COMMON SHARE OF INNERGEX​.INNERGEX RENEWABLE ENERGY - DEAL TO BE ACCRETIVE TO CO'S DISTRIBUTABLE CASH FLOW/SHARE UPON COMPLETION OF ALTERRA'S PROJECTS CURRENTLY UNDER CONSTRUCTION​.INNERGEX - DEAL ‍PROVIDES FOR NON-SOLICITATION COVENANTS ON PART OF ALTERRA, RIGHT IN FAVOUR OF CO TO MATCH UNSOLICITED SUPERIOR PROPOSAL​.INNERGEX RENEWABLE ENERGY INC - ‍PURSUANT TO DEAL, ALTERRA SHAREHOLDERS TO GET CONSIDERATION CONSISTING ABOUT 25% CASH, 75% COMMON SHARES OF INNERGEX​.INNERGEX RENEWABLE ENERGY - ‍ONE MEMBER OF CURRENT BOARD OF DIRECTORS OF ALTERRA WILL JOIN BOARD OF DIRECTORS OF INNERGEX UPON CLOSING OF TRANSACTION​.INNERGEX- CO TO RECEIVE TERMINATION FEE OF ABOUT $18 MILLION FROM ALTERRA IN EVENT OF TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES.INNERGEX RENEWABLE ENERGY - DEAL TO BE FULLY FUNDED AND SUPPORTED BY A NEW SUBORDINATED UNSECURED LOAN FROM CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC​.INNERGEX - CO TO BUY ALL ISSUED, OUTSTANDING COMMON SHARES OF ALTERRA FOR AGGREGATE CONSIDERATION OF $1.1 BILLION, INCLUDING ASSUMPTION OF ALTERRA'S DEBT​.  Full Article

Alterra Power acquires 320 MW Boswell Springs wind project
Wednesday, 19 Apr 2017 

April 19 (Reuters) - Alterra Power Corp ::Alterra Power acquires 320 MW Boswell Springs wind project.Expects Boswell Springs wind project to achieve commercial operations in 2020.Acquired Boswell Springs wind project from Intermountain Wind, along with certain of its partners and affiliates.  Full Article

Alterra Power Corp FY revenue was $60.8 million
Thursday, 16 Mar 2017 

Alterra Power Corp : revenue was $60.8 million for year, up 5% from comparative year predominantly due to foreign exchange movements . sees fy 2017 and 2018 adjusted EBITDA $49.2 million and $56.6 million respectively .Sees total 2017 revenue $90.659 million; sees total 2018 revenue $100.719 million.  Full Article

Alterra Power announces upsizing of previously announced financings
Thursday, 6 Oct 2016 

Alterra Power Corp : Alterra Power announces upsizing of previously announced financings . Co to upsize its previously announced bought deal financing to offering of 5.8 million common shares in capital of Alterra at $6.00 per share .Will also conduct an upsized non-brokered private placement of 4.7 million common shares in capital of Alterra for $6.00 per share.  Full Article

Alterra Power announces inaugural dividend plan and share consolidation
Tuesday, 30 Aug 2016 

Alterra Power Corp : Alterra Power announces inaugural dividend plan and share consolidation . Consolidation of common shares on basis of 1 (new) post-consolidation common share for each 10 (old) pre-consolidation common shares .Upon completion of consolidation annual dividend will be adjusted to $0.05 per common share.  Full Article

Alterra Power qtrly revenue rose 2 percent to $13.8 mln
Wednesday, 10 Aug 2016 

Alterra Power Corp : Alterra Power announces results for the quarter ended June 30, 2016 .Quarterly revenue rose 2 percent to $13.8 million.  Full Article

Alterra Power to buy 20 MW solar portfolio
Wednesday, 20 Jul 2016 

Alterra Power Corp : Alterra Power agrees to acquire 20 MW solar portfolio . Both projects are contracted under long-term, investment-grade power purchase agreements .Reached deal with Inovateus Solar Llc to buy 80 pct ownership interest in two-project 20 mw(dc) portfolio of solar farms.  Full Article

Alterra Power signs agreement with two Icelandic investment funds to extend bond maturity
Friday, 15 Jul 2016 

Alterra Power Corp : Agreement with two icelandic investment funds to extend by one year maturity of bond with about $55 million; now payable on july 16, 2017 .Maturity and interest rate are adjusted from 3.5% to 5.0% for one-year extension period.  Full Article

Alterra Power acquires 200 mw flat top wind development project
Thursday, 16 Jun 2016 

Alterra Power Corp : Acquisition of flat top wind project, a 200 mw wind farm under development in comanche county and mills county, texas . Concurrently with closing, alterra placed a us$1.6 million security deposit with local transmission provider . Alterra forecasts this project to be completed and in service by end of 2017 .Alterra power acquires 200 mw flat top wind development project.  Full Article

BRIEF-‍Alterra Power Says Shareholders Approve Of Innergex Arrangement

* ‍ALTERRA POWER CORP. ANNOUNCES SHAREHOLDER APPROVAL OF ARRANGEMENT​