in News Departments > Projects & Contracts
print the content item

Alterra Power Corp., owner of the 144 MW Dokie wind farm, located in Vancouver, British Columbia, says the Dokie General Partnership has fully funded an $8.9 million required loan reserve and made an initial equity distribution of $1 million to the project partners. With the loan reserves now funded, future distributions are expected to reflect the full benefit of the wind farm's operations, Alterra adds.

According to the company, the Dokie wind farm has performed at 106% of its projected P50 annual forecast production and earned more than $48.1 million in revenue since it began commercial operation in February 2011. Alterra notes that the performance is due to both favorable wind conditions and higher-than-expected turbine availability.


Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965