VANCOUVER—Canadian clean energy developer Alterra Power Corp. is building its footprint in the Lone Star State with a new acquisition.
The Vancouver-based company has announced it will buy the 200 megawatt Flat Top wind project in central Texas from Pioneer Green Energy and Lavaca Wind for an undisclosed price.
“This project builds on our recent success financing and constructing the nearby 204 MW Shannon wind farm in Texas and, like the Shannon project, takes advantage of the recent extension of renewable energy tax incentives in the United States,” Paul Rapp, the company’s vice-president of Wind Operations, said.
Rapp added the Flat Top project is a “strong resource” located in a region with growing power demand. The site in Comanche County and Mills County, Texas is close to both Austin and Dallas.
Currently under development, construction on the wind farm is expected to be completed by late 2017. Alterra said it will undertake certain construction activities to ensure the project will qualify for the U.S. production tax credit.