Alterra Power Corp. (TSX: AXY) is pleased to announce the signing, via a wholly-owned project subsidiary, of a 13-year power hedge agreement with an affiliate of Citi for its 200 MW Flat Top wind project. Alterra expects the financing and partnership arrangements for the project to be completed within the next few weeks, marking commencement of the project's primary construction phase. The project is expected to achieve commercial operations in the first half of 2018.
The project, located in central Texas, has previously contracted with affiliates of Vestas-American Wind Technology, Inc. for turbine supply and maintenance and Blattner Energy, Inc. for construction services.
Source: Alterra Power Corporation
Date: May 26, 2017