20 May '12, 11am

1,000 MW of Wind Farm Projects Acquired in BC: Filed under: Energy News

1,000 MW of Wind Farm Projects Acquired in BC: Filed under: Energy News

Four sites in coastal British Columbia with early-stage wind development assets have been acquired by Alterra Power Corp , a renewable energy firm. The four sites are located on Banks Island, Porcher Island, McCauley Island, and north Vancouver Island. The sellers were from Bay Energy Limited and they will receive payments when the wind farms are operating. They will also get shares in Alterra. “This transaction further positions us to play a major role in B.C.’s clean energy future. We look forward to advancing and ultimately building these wind projects as a part of the continued growth of Alterra and British Columbia,” said John Carson, Alterra’s Chief Executive Officer. (Source: Power-Eng.com ) Construction at the sites could be several years away, and power purchasing agreements still need to be signed with British Columbia Hydro & Power Authority. Alterra Power Corp....

Full article: http://cleantechnica.com/2012/05/20/1000-mw-of-wind-farm-...

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