Alterra Power closes financing for 7MW solar project in Indiana

The 204MW Shannon Wind farm in Windthorst town, Clay County, Texas, US, is jointly owned by Alterra Power (50%) and an affiliate of Starwood Energy Group (50%). alterra power acquired the project from Horn Wind in February 2014, while an affiliate of Starwood Energy Group acquired a 50% interest in the project from Alterra Power in June 2015.

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Alterra is actively developing and arranging financing for the first project , a 7 mwdc site located in Indiana that is expected to finish construction by the end of 2016. The second project, a 13 MWDC site located in Michigan, is expected to be developed during 2017.

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Alterra Power Corp. is a global renewable energy company that manages operations of nine power plants totaling 836 MW of hydro, wind, geothermal and solar generation capacity in Canada, the USA and Iceland. Alterra owns a 375 MW share of this capacity, generating over 1,500 GWh of clean power annually.

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Alterra Power Corp. a subsidiary of Innergex Renewable Energy Inc., is a diversified renewable power generation company based in Vancouver, British Columbia, Canada.It was formed in 2011 through the merger of Magma Energy Corp. and plutonic power corp.It develops, owns, acquires and operates hydroelectric, wind, solar energy and geothermal projects.

The Kokomo solar project will provide 7 MW DC of clean power capacity and economic benefit to the Indiana community and is located on a remediated Superfund parcel of city-owned land.

 · Alterra owns a 385 MW share of this capacity, generating over 1,700 GWh of clean power annually. Alterra also has an extensive portfolio of exploration and.

Alterra Power Secures Financing for 11 MW Spartan Solar Project VANCOUVER , Aug. 8, 2017 /CNW/ – Alterra Power Corp. (TSX: AXY) ("Alterra") and Inovateus Solar LLC ("Inovateus") are pleased to announce the closing of a $19.9 million construction loan facility (all amounts USD) for the Spartan solar project, an 11 MW solar project located on the.