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Canadian Hydro Developers

Company nameCanadian Hydro Developers, Inc.
Company typePublic
IndustryElectricity generation
FateAcquired
Defunct 2009
HeadquartersCalgary, Alberta, Canada
Key peopleKent Brown, Chief Executive Officer
ProductsElectricity
Revenue(+)63 million USD (2007)
Net income(-)8 million USD (2007)
Employees150 (2009)

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Canadian Hydro Developers, Inc. was a Canadian company that operated 12 hydroelectric power sites, eight wind power sites and one biomass power site in Canada.

Canadian Hydro was founded by two brothers John and Ross Keating with Jack McCleary. In 1989 Canadian Hydro had secured $1.3 million in equity and a contract with TransAlta to build three small run-of-river facilities. Revenue from these plants were then used in part to finance the future plants.

In January 2005 the firm bought Canadian Renewable Energy Corporation (CREC).

In December 2006 the firm bought Vector Wind Energy

which has over 13 projects either built or in the process as of 2007.

Announced in February 2007 (and finalized in March) the firm bought GW Power Corporation.

In December 2009 TransAlta acquired Canadian Hydro Developers at $5.25 cash per share.


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