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.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015