Alterra Power Corp
Alterra Power Corp, now operating as Innergex Renewable Energy Inc., is a Canadian independent power producer generating and storing renewable electricity across hydroelectricity, wind, solar, and battery storage facilities in Canada, the United States, France, and Chile.
- Company typePrivate
- Founded2008
- HeadquartersVancouver, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Alterra Power Corp does
Alterra Power Corp was a Canadian power generation company founded in 2008 and headquartered in Vancouver, originally focused on geothermal, hydroelectric, and solar power. The company historically traded on the TSX under the symbol AXY and has since combined with Innergex to operate as Innergex Renewable Energy Inc., with AXY delisted. The current platform generates and stores 100% renewable electricity across four core product lines: hydroelectricity, wind energy, solar energy, and battery energy storage. Operationally, the company runs 90 facilities with a gross installed capacity of 4,424 MW across Canada, the United States, France, and Chile, marketed in English, French, and Spanish.
The underlying technology stack is conventional utility-scale renewable generation: water-driven hydroelectric plants, wind turbine facilities, photovoltaic solar installations, and grid-scale battery energy storage systems used to firm intermittent output and support grid stability. The combined platform integrates these modalities to deliver diversified clean energy into regional power grids and utility infrastructure in each operating country, with capabilities extending into project development across multiple jurisdictions.
The business model is that of an independent power producer: the company generates electricity from owned and operated renewable facilities and sells it under long-term power purchase agreements and grid arrangements to utilities and other off-takers; pricing, contract structures, and customer segmentation are not publicly disclosed in the source data. No consumer-facing software, apps, or AI-driven products are offered; revenue mechanics rely on physical energy delivery and capacity payments rather than subscription or transactional pricing. The 2011 acquisition of Plutonic Power and the addition of battery storage as a fourth product line illustrate the inorganic and organic growth levers used to expand the platform.
Alterra Power Corp firmographics
Firmographics- Name
- Alterra Power Corp
- Website
- https://alterrapower.ca
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Alterra Power Corp, now operating as Innergex Renewable Energy Inc., is a Canadian independent power producer generating and storing renewable electricity across hydroelectricity, wind, solar, and battery storage facilities in Canada, the United States, France, and Chile.
- Ownership category
- akta.pro rank
Alterra Power Corp industry classification
Industry- Product category
- Renewable Power Generation
- NAICS
- Electric Power Generation (22111), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH)
Keywords
Where Alterra Power Corp is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Alterra Power Corp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D
Marketing channels1 record
Alterra Power Corp product offering
Product offeringCore offering
Alterra Power Corp (now Innergex) develops, owns, and operates utility-scale renewable energy generation facilities including hydroelectric, wind, solar, and battery energy storage assets. The company sells the electricity generated from these 90 facilities (totaling 4,424 MW of gross installed capacity) to regional power grids and utilities across Canada, the United States, France, and Chile. Its portfolio delivers 100% renewable energy under a sustainable asset-based operating model.
Product overview
Innergex (formerly Alterra Power Corp) operates as a unified renewable energy platform offering four core energy generation and storage products: hydroelectricity, wind energy, solar energy, and battery energy storage. The company operates 90 facilities with a gross installed capacity of 4,424 MW across Canada, the United States, France, and Chile. The portfolio represents an integrated approach to renewable energy, combining established hydroelectric generation with growing wind, solar, and battery storage capabilities to deliver 100% renewable energy solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydroelectricity Renewable electricity generation from water resources through hydroelectric power facilities, sold to regional grids and utilities. This is a core generation product for the company, forming part of its 4,424 MW gross installed capacity across 90 facilities in Canada, the United States, France, and Chile.
- Wind Energy Electricity generated by wind turbine facilities that convert kinetic energy from air movement into renewable power. Supplied to grids and utilities as part of the company's diversified renewable portfolio across Canada, the United States, France, and Chile.
- Solar Energy Photovoltaic-based electricity generation from solar panel installations that convert sunlight into renewable power. Delivered into regional grids as one of the four core renewable generation lines of the company's 100% renewable portfolio.
- Battery Energy Storage Grid-scale energy storage systems that store electricity from renewable sources for later discharge, supporting grid stability and power availability. Operated alongside the company's hydroelectric, wind, and solar assets to firm intermittent generation and provide stored renewable energy to the grid.
Companies that use Alterra Power Corp
Customer profileIdeal customer profiles1 record
Alterra Power Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Alterra Power Corp partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
Alterra Power Corp competitors and assessment
Company assessmentBroad incumbents
- Brookfield Renewable Partners: Largest publicly traded pure-play renewable power generator globally with hydroelectric, wind, solar, and storage assets. Operates at materially larger scale but directly comparable business model of owning and operating multi-technology renewable assets across geographies.
Direct peers
- Boralex: Canadian-headquartered renewable IPP operating wind, solar, hydroelectric, and storage facilities primarily in Canada, France, and the U.S. Closely comparable in scale, technology mix, and geographic footprint to the Innergex/Alterra platform.
- Northland Power: Canadian renewable and conventional power developer/operator with wind, solar, and natural gas assets across Canada, the U.S., and internationally. Comparable IPP business model with multi-technology renewable portfolio.
- TransAlta Renewables: Canadian renewable power producer with wind, hydro, and solar assets in Canada, the U.S., and Australia. Directly comparable as a publicly listed multi-technology renewable IPP with North American concentration.
- Algonquin Power & Utilities: North American renewable energy and regulated utility company with wind, solar, hydroelectric, and thermal generation. Comparable diversified renewable IPP structure with cross-border assets.
- Capital Power: Canadian power generation company with growing wind and solar renewable portfolio alongside conventional generation in Canada and the U.S. Comparable as a publicly listed Canadian-headquartered power producer pivoting toward renewables.
- Atlantica Sustainable Infrastructure: Owner and operator of renewable energy and sustainable infrastructure assets including wind, solar, and transmission in North America, South America, and Europe. Comparable international multi-technology renewable platform.
- NextEra Energy Partners: Yield-oriented renewable energy acquirer of wind, solar, and storage assets primarily in the U.S. Comparable as a contracted renewable IPP with battery storage growth strategy.
- Hannon Armstrong Sustainable Infrastructure Capital: Invests in and manages renewable energy and energy efficiency assets including wind, solar, and storage across the U.S. Comparable as a capital partner and asset owner focused on sustainable infrastructure.
- Pattern Energy Group: Renewable IPP owning and operating wind, solar, transmission, and storage assets in the U.S., Canada, Japan, and Chile. Comparable multi-technology, multi-country renewable IPP model.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Alterra Power Corp social profiles
Digital presenceAlterra Power Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alterra Power Corp leadership team
Management profileNumber of profiles
Profiles4 records
Alterra Power Corp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alterra Power Corp M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alterra Power Corp
What does Alterra Power Corp do?
Alterra Power Corp (now Innergex) develops, owns, and operates utility-scale renewable energy generation facilities including hydroelectric, wind, solar, and battery energy storage assets. The company sells the electricity generated from these 90 facilities (totaling 4,424 MW of gross installed capacity) to regional power grids and utilities across Canada, the United States, France, and Chile. Its portfolio delivers 100% renewable energy under a sustainable asset-based operating model.
When was Alterra Power Corp founded?
Alterra Power Corp was founded in 2008. It employs 51 to 100 people.
Where is Alterra Power Corp based?
Alterra Power Corp is headquartered in Vancouver, Canada, in the North America region.
Who are Alterra Power Corp's main competitors?
Brookfield Renewable Partners is listed as a broad incumbent. Direct peers are Boralex, Northland Power, TransAlta Renewables, Algonquin Power & Utilities, Capital Power, Atlantica Sustainable Infrastructure, NextEra Energy Partners, Hannon Armstrong Sustainable Infrastructure Capital and Pattern Energy Group.
Does Alterra Power Corp have an API?
No public API is recorded for Alterra Power Corp.
What industry is Alterra Power Corp in?
Alterra Power Corp's product category is Renewable Power Generation. Its primary akta.pro industry code is EUAMAGAH, Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls). Its NAICS code is 22111 and its SIC code is 4911.