Alterra Power buys 320MW Boswell Springs wind project in US
Canadian renewable energy firm Alterra Power has acquired 320MW Boswell Springs wind project from Intermountain Wind in the US.
Alterra, along with certain of its partners and affiliates, has purchased the project located in Albany County, Wyoming.
Expected to begin commercial operations in 2020, the electricity from the project will be sold to PacifiCorp’s Rocky Mountain Power, as part of 20-year power purchase agreements.
Alterra had started the construction on the wind project in 2016, which is expected to qualify for US renewable electricity production tax credits (PTCs) at the full rate
Alterra project development vice president Paul Rapp said: "We're pleased to complete this next major step in our growth plans, culminating over a year of cooperation with the original developer, Intermountain Wind.”
Intermountain Wind president Paul Martin said: "After over ten years of development, we are excited to have identified Alterra as the right partner to facilitate the completion of the Project.
“When operational, it will provide clean, cost effective power to consumers in the Rocky Mountain region while producing significant tax revenues and other economic benefits for Wyoming.
Alterra operates eight power plants with 825MW of hydro, wind, geothermal and solar generation capacity in Canada, the US and Iceland.
With a generation capacity of 1,700 GWh per annum, Alterra owns a 385 MW share of the total capacity.
Based in Boulder of Colorado, Intermountain Wind is engaged in the development of various projects with around 1,000MW of generation capacity and 500 miles of high voltage transmission lines.
Image: Alterra Power has acquired 320MW wind project in Albany County, Wyoming. Photo: courtesy of pakorn / FreeDigitalPhotos.net.