Via a wholly owned project subsidiary, Vancouver, British Columbia-based Alterra Power Corp. has signed a new revenue contract for its 200 MW Flat Top wind project, located in central Texas.
The company signed a 13-year power hedge agreement with an affiliate of Citi. 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 wind farm is expected to achieve commercial operations in the first half of 2018. Vestas is supplying turbines and maintenance, and Blattner Energy is providing construction services.
Alterra manages eight power plants totaling 825 MW of hydro, wind, geothermal and solar generation capacity in Canada, the U.S. and Iceland. Alterra owns a 385 MW share of this capacity.