North American Windpower: Alterra: Dokie Performing Well Since Commercial Operation

Alterra: Dokie Performing Well Since Commercial Operation

in News Departments > Projects & Contracts

by NAW Staff on Friday 29 June 2012

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.

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