Innergex Renewable Energy to acquire Alterra Power Corp.

$1.1 billion transaction to meaningfully diversify Innergex's asset portfolio in terms of geography and energy sources
Transaction to solidify Innergex's position as a leading renewable energy independent power producer by adding eight operating projects (net 364 MW), three projects under construction (net 118 MW), three prospective projects at an advanced stage (net 686 MW), other U.S. PTC-qualified prospective projects (net 490 MW), and an extensive pipeline of prospective projects in preliminary stages or in progress (net 4,350 MW)
Transaction expected to be accretive to Innergex's distributable cash flow per share upon completion of Alterra's projects currently under construction and some of the advanced-stage prospective projects
Transaction to be fully funded and supported by a new subordinated unsecured loan from Caisse de dépôt et placement du Québec ("la Caisse"); commitments obtained from two leading Canadian banks to backstop and upsize Innergex's existing credit facility in order to maintain a strong and flexible balance sheet and provide ample liquidity to fully fund Innergex's development portfolio pro forma for the transaction
Alterra shareholders to receive $8.25 per Alterra common share, payable in $2.06 cash and 0.4172 of a common share of Innergex, after the effect of full pro-ration, for a total transaction value of $1.1 billion, including the assumption of Alterra's debt
Alterra shareholders to realize an immediate immediate premium and an opportunity to continue to participate in the go-forward growth of Innergex
Read more: Alterra Power Corp ( AXY )

Brookfield to Acquire TerraForm Global

BETHESDA, Md., March 07, 2017 -- TerraForm Global, Inc. (Nasdaq:GLBL) (“TerraForm Global” or the “Company”), an owner and operator of clean energy power plants, today announced that it has entered into a definitive merger agreement under which Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) (EURONEXT AMSTERDAM:BAMA) (“Brookfield”), a leading global alternative asset manager, will acquire TerraForm Global for approximately $787 million in cash and will assume approximately $455 million in net debt, representing an enterprise value of approximately $1.3 billion. TerraForm Global owns and operates, or has contracts to acquire, a fleet of 31 wind and solar power plants totaling 952 MW of capacity spread across Brazil, India, China, South Africa, Thailand, Malaysia, and Uruguay.
Read more: TerraForm Global Inc ( GLBL )

BP and Clean Energy Partner to Expand U.S. Renewable Natural Gas Transportation Fueling Capabilities

BP to Acquire Clean Energy’s Upstream Renewable Natural Gas Business and Sign Long-Term Supply Agreement with Clean Energy
 
BP p.l.c. (NYSE: BP) and Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced that BP will acquire the upstream portion of Clean Energy’s renewable natural gas business and sign a long-term supply contract with Clean Energy to support the firm’s continuing downstream renewable natural gas business. The deal enables both companies to accelerate the growth in renewable natural gas supply and meet the growing demand of the natural gas vehicle fuel market.
Read more: Clean Energy Fuels Corp ( CLNE )

Clean Energy Reports 82.9 Million Gallons Delivered and Revenue of $108.0 Million for Second Quarter of 2016

NEWPORT BEACH, Calif. -- Clean Energy Fuels Corp. (CLNE) ("Clean Energy" or the "Company") today announced operating results for the second quarter ended June 30, 2016.
 
The Company delivered 82.9 million gallons in the second quarter of 2016, an 11% increase from 74.4 million gallons delivered in the second quarter of 2015.
 
Revenue for the second quarter of 2016 was $108.0 million, a 24% increase from $86.9 million for the second quarter of 2015. Revenue for the second quarter of 2016 included $6.5 million of excise tax credits for alternative fuels ("VETC") whereas the second quarter of 2015 did not include any VETC revenue. Additionally, the Company’s deliveries of vehicle fuel renewable natural gas and customer station construction activity favorably impacted revenue in the second quarter of 2016.
Read more: Clean Energy Fuels Corp ( CLNE )

Raging River Exploration Inc. Announces Corporate Acquisition of Rock Energy Inc.

CALGARY, ALBERTA--(May 31, 2016) -Raging River Exploration Inc. ("Raging River" or the "Company") (RRX.TO) and Rock Energy Inc. ("Rock") (RE.TO) are pleased to announce that they have entered into an agreement (the "Arrangement Agreement") providing for the acquisition by Raging River of all the issued and outstanding Rock common shares (the "Rock Shares") pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition").
 
THE ARRANGEMENT
Under the terms of the Arrangement Agreement, Rock shareholders will receive, for each Rock Share held, 0.082 Raging River common shares. Based on Raging River's five day weighted average trading price of $10.93 per share, the total consideration for the Acquisition is approximately $109 million. 
Read more: Rock Energy Inc ( RE )