in News Departments > New & Noteworthy
print the content item

Alterra Power Corp. says it has entered into an agreement to acquire a portfolio of wind energy development assets at four sites in coastal British Columbia from a group of sellers led by English Bay Energy Ltd.

The four wind farm sites - which represent an estimated generation capacity of over 1 GW - are located on Banks Island, Porcher Island and McCauley Island. All of the sites are within 150 km of several proposed power-intensive LNG plant sites at Kitimat, and at Knob Hill on northern Vancouver Island, close to a proposed 99 MW wind farm near Cape Scott.

In consideration for the assets, the sellers will receive royalty payments during the operations phase of the projects, and under certain circumstances, the sellers may receive additional compensation of up to 1.34 million Alterra shares.



Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995