Renewable energy company Alterra Power Corp. has announced that the Dokie 1 wind farm achieved a new record annual generation as of Dec. 23.
Located in British Columbia, the 144 MW project surpassed its old generation record of 328,553 MWh, which was set in the wind farm's inaugural year, 2011. Alterra owns 25.5% of the project and operates it, and the wind farm's output is sold to BC Hydro under a power purchase agreement.
Furthermore, Alterra says the Dokie project achieved a performance earn-out hurdle on Dec. 26 that will result in a C$750,000 payment to the company pursuant to the terms of the partial sale of the wind farm in December 2013 to a fund managed by Axium Infrastructure Inc.
