1,000 MW of Wind Farm Projects Acquired in BC

May 20th, 2012 by Jake Richardson





Four sites in coastal British Columbia with early-stage wind development assets have been acquired by Alterra Power Corp, a renewable energy firm. The four sites are located on Banks Island, Porcher Island, McCauley Island, and north Vancouver Island. The sellers were from Bay Energy Limited and they will receive payments when the wind farms are operating. They will also get shares in Alterra.

“This transaction further positions us to play a major role in B.C.’s clean energy future. We look forward to advancing and ultimately building these wind projects as a part of the continued growth of Alterra and British Columbia,” said John Carson, Alterra’s Chief Executive Officer. (Source: Power-Eng.com)

Construction at the sites could be several years away, and power purchasing agreements still need to be signed with British Columbia Hydro & Power Authority.

Alterra Power Corp. operates a number of river hydro facilities and British Columbia’s largest wind farm. Dokie is their wind power facility, employing 48 Vestas V90 wind turbines with a generating capacity of about 73 MW. It was built over 13 months and cost $228 million. This project could be expanded to a capacity of 156 MW, as plans currently have determined. The company also operates two geothermal plants in Iceland and one in Nevada.

If you are wondering where some of the four new sites are, Banks Island is over five hundred miles north of Vancouver, and McCauley Island is just east of Banks; Porcher Island is about twenty miles north of Banks; and all these sites are south of Prince Rupert. This area is known for its natural beauty and wildlife. Salmon fishing, in particular, is one of the main draws for visitors.

Image Credit: Alterra Power, Dokie Wind Farm









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