ALTERRA Power acquires 320MW SPRINGS Wind Project

Alterra Power Corp. announced the acquisition of 320MW Boswell Springs Wind project from Intermountain Wind, LLC located in Albana County . Alterra commenced construction of the Project’s main power transformers in 2016, and expects to qualify for US renewable electricity production tax credits (PTCs) at the full rate.

The project is expected to be commercial Operational till 2020, 100% of its output will be sold under the 20 year PPA signed with Rocky mountain Power.

Alterra’s VP of Project Development, Paul Rapp said that they are pleased to complete this next major step in their growth plans, culminating over a year of cooperation with the original developer, Intermountain Wind. This acquisition further establishes their USA growth trajectory and the realization of their wind project PTC qualification plans.

President of Intermountain Wind, Paul Martin said that after over ten years of development, they 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. Further added that they will continue to provide service and support for the Project over the next two years while continuing to develop the Intermountain Wind project portfolio.