News / Fiera Axium Infrastructure acquires stake in Canadian wind project

Fiera Axium Infrastructure acquires stake in Canadian wind project

🕔 January 2, 2014
Danish CIP's 3rd energy fund secures EUR2.8 billion in commitments

Alterra Power Corporation announced in late December that it has sold half of its 51 % stake in the Dokie 1 wind farm to Fiera Axium Western Energy for roughly C$28.6 million (US$26.9 million).

Alterra  may also receive up to an additional C$2.25 million over the next three years depending on performance.

Fiera Axium adds this 25.5% stake to the 49% interest it already holds. Alterra will retain 25.5% ownership of Dokie 1, and will continue to operate and manage the project.

 John Carson, Alterra CEO, stated:

This transaction is a good growth milestone for us, providing us substantial capital to support our 2014 growth projects. Alterra's revenue, cash flow and owned generation capacity will all improve versus our pre-sale position as this capital gets deployed, resulting in overall accretion for our shareholders.

In addition to Dokie 1 Alterra Power Corp. is operating six power plants totaling 566 MW of generation capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, two geothermal facilities inIceland, and a geothermal plant inNevada. Alterra owns a 260 MW share of this capacity, generating approximately 1,300 GWh of clean power annually.

Fiera Axium Infrastructure US L.P. announced on December 16th the financial closing of its acquisition of a 49% equity interest in the 97 MW Wheat Field Wind Farm located in Gilliam County, Oregon from EDP Renewables (EDPR).



League Tables

InfraPPP accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form

Newsletter

Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.


Requests for Expression of Interest in Ghana
Oman Power & Water Procurement Company

Follow us on Twitter