Alterra Power, has announced the completion of financing for the 200-MW Flat Top wind project and the concurrent advancement of the project into the final phase of construction. Key components of the financing include: Sponsor-partner investment: A fund managed by BlackRock Real Assets has acquired a 49% sponsor-partner interest in the project, and will co-own the…
Alterra acquires 320-MW Boswell Springs wind project
Alterra Power Corp. announced the acquisition of the 320-MW Boswell Springs wind development in Albany County, Wyoming. Construction of the project’s main power transformers began in 2016, and the wind farm should achieve commercial operation in 2020. Alterra expects the wind farm to qualify for U.S. renewable electricity production tax credits at the full rate. The company will…
Alterra Power aims for PTC qualification on several wind projects
In 2016, Alterra Power Corp. commenced onsite and offsite project activities intended to qualify several wind projects for the PTC U.S. renewable tax incentives. The estimated generation capacity for the qualifying projects is between 1,200 to 1,700 MW, with intended project locations in multiple states, including for the 200-MW Flat Top project. The full group consist…
Alterra Power and Axium Infrastructure extend O&M contract for BC’s Dokie Wind Farm
Alterra Power Corp. and Axium Infrastructure Inc. announced that they have extended the service contract for the 144-MW Dokie Wind Farm in Northern British Columbia, Canada. Vestas has been providing operations and maintenance services at the wind farm since commencement of operations in 2011. The extension renews the project service agreement through 2031, and provides…