Innergex Renewable Energy Inc. announced the completion of the previously disclosed acquisition of Alterra Power Corp. by way of an arrangement agreement pursuant to which Innergex acquired all of the issued and outstanding common shares of Alterra for an aggregate consideration of $1.1 billion, including the assumption of Alterra's debt. Mr. Ross Beaty, Executive Chairman of Alterra, has agreed to a 12-month holding period of the Innergex shares he received through the transaction. As of February 6, 2018, Mr. Beaty joins the Innergex's Board of Directors.