Alterra Power Corp. (TSX: AXY) on Jan. 5 announced the execution of several project contracts for Flat Top, a 200-MW wind project in central Texas.
Contracts executed within the last week include:
- Agreement with Vestas-American Wind Technology Inc. to supply one hundred V110-2.0 MW wind turbines, which are part of the Vestas 2 MW turbine platform, one of the most well-proven turbines in the industry;
- 10-year service and maintenance agreement with Vestas, which provides similar services at Alterra’s Dokie wind farm; and
- Construction services agreement with Blattner Energy Inc., a top-tier EPC contractor that built the nearby Logan’s Gap wind farm.
Alterra said it is also currently negotiating a power hedge as Flat Top’s primary revenue contract.
Paul Rapp, Alterra’s VP of Wind, said: “The execution of these contracts positions us well to finance Flat Top and enter the primary construction phase later this year. We look forward to working with Vestas and Blattner as strong partners to ensure the project comes online successfully in the first half of 2018.”
Alterra had announced in June 2016 the acquisition of the Flat Top wind project in Comanche and Mills counties, Texas. Alterra acquired the Flat Top project from Pioneer Green Energy LLC and Lavaca Wind LLC.
Alterra Power manages eight power plants totaling 825 MW of generation capacity, including British Columbia’s largest run-of-river hydro facility and largest wind farm, the recently-completed Shannon and Jimmie Creek projects, and two geothermal facilities in Iceland and a solar facility in Indiana. 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 development projects.
