What is Alterra Power?
Headquartered in Vancouver, British Columbia, Alterra Power Corp. operates as a sophisticated renewable power generation entity. Formed through the 2011 merger of Magma Energy Corp. and Plutonic Power Corp., the company established a robust footprint across multiple clean energy verticals. Its operational mandate encompasses the development, acquisition, and management of hydroelectric, wind, solar, and geothermal assets. This multi-faceted approach to power generation allowed the company to maintain a resilient market position, effectively balancing intermittent energy sources with baseload geothermal capabilities to meet evolving grid demands.
How much funding has Alterra Power raised?
Alterra Power has raised a total of $2.4M across 1 funding round:
Private Equity
$2.4M
Private Equity (2016): $2.4M, investors not publicly disclosed
Key Investors in Alterra Power
Undisclosed Investor
An institutional capital provider specializing in large-scale infrastructure and energy sector private equity investments.
What's next for Alterra Power?
Following its integration into Innergex Renewable Energy Inc. in 2018, the legacy of Alterra Power continues to inform modern renewable energy strategies. The capital deployed during its independent growth phase provided the necessary infrastructure to support long-term sustainability goals. Moving forward, the assets formerly held by Alterra serve as a cornerstone for large-scale renewable projects, emphasizing the importance of strategic consolidation in the transition toward a decarbonized global energy grid. The focus remains on optimizing existing hydroelectric and wind portfolios while exploring emerging technologies to enhance overall energy efficiency and output reliability.
See full Alterra Power company page
