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Last updated on April 16, 2014 at 13:01 EDT

Latest Geothermal power in Canada Stories

2014-03-28 00:21:39

(under IFRS and all amounts in US dollars unless otherwise stated) TSX : AXY VANCOUVER, March 27, 2014 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) ("Alterra" or the "Company") is pleased to report its financial and operating results for the year ended December 31, 2013. For further information on these results please see Alterra's Consolidated Financial Statements and Management's Discussion and Analysis. Alterra consolidates 100% of the results of operations at HS Orka...

2014-02-26 00:20:49

TSX : AXY VANCOUVER, Feb. 25, 2014 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) ("Alterra") announces that its 66.6% owned Icelandic subsidiary, HS Orka hf, today released audited financial and operating results for the twelve month period ended December 31, 2013. HS Orka's financial statements are prepared in accordance with International Financial Reporting Standards (as adopted by the European Union), are reported in Icelandic Krona (ISK), and can be found at...

2014-02-24 08:23:45

TSX : AXY VANCOUVER, Feb. 24, 2014 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) has completed the acquisition of 100% of the Shannon wind project, a 202 MW wind farm in late-stage development in Clay County, Texas. Alterra acquired the project from Horn Wind, LLC, a north Texas early-stage wind developer that has successfully developed two other wind farms in the region. Last week, Alterra also placed a $4.5 million cash deposit with Oncor, the project's transmission service...

2014-01-16 08:23:02

VANCOUVER, Jan. 16, 2014 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) announces the completion of a further joint venture with Energy Development Corporation (EDC) covering the remainder of Alterra's geothermal development assets in Peru. Under the agreement, EDC will get a 70% interest in the development asset portfolio and will be funding 100% of the next $6 million of development costs. Next activities for these concessions will include advanced exploration activities designed...

2013-12-23 08:23:44

VANCOUVER, Dec. 23, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) announces that it has sold half of its 51% interest in the Dokie 1 wind farm to Fiera Axium Western Energy. Alterra received initial sales proceeds of $28,625,000, and may receive further earn-out payments of up to $2,250,000 over the next three years depending on asset performance. Alterra will retain 25.5% ownership of Dokie 1, and will continue to operate and manage the project. Alterra CEO, John Carson,...

2013-11-28 16:21:43

VANCOUVER, Nov. 28, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) is pleased to announce that it has entered into a joint venture with an affiliate of Graziella Green Power ("Graziella"), an Italian developer of solar and geothermal assets. The joint venture will further advance the Mensano and Roccastrada geothermal concessions which Alterra was awarded in 2011. Graziella will fund approximately $4.0 million for the joint venture's next development activities, and will own a...

2013-11-13 00:21:37

(under IFRS and all amounts in US dollars unless otherwise stated) VANCOUVER, Nov. 12, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) is pleased to report its financial and operating results for the three and nine months ended September 30, 2013. For further information on these results please see Alterra's Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis. Alterra consolidates 100% of the HS Orka and Soda Lake operations and...

2013-11-12 08:25:37

TSX : AXY VANCOUVER, Nov. 12, 2013 /PRNewswire/ - Alterra is pleased to announce that its 62 MW Jimmie Creek run-of-river hydroelectric project has completed an amendment of its power purchase agreement. Under the agreement, the Jimmie Creek project will sell 100% of its power to BC Hydro for 40 years commencing in August 2016. Alterra has also agreed to purchase the 49% project stake currently held by an affiliate of General Electric Energy Financial Services. Upon closing of...

2013-09-23 12:22:22

VANCOUVER, Sept. 23, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) is pleased to announce that generation has resumed at the Montrose hydro facility, which is part of Alterra's 235 MW Toba Montrose hydro facility, co-owned with Fiera Axium Western Energy. Repairs of the facility's penstock, which was damaged in a December 2012 rockslide, were completed last week. Several site improvements including protective berms are also nearing completion and will significantly lessen the...

2013-08-26 08:24:25

TSX : AXY VANCOUVER, Aug. 26, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) is pleased to announce it has completed its purchase of the ABW Solar project in partnership with GE Energy Financial Services. The 50 MW project in Ontario was developed and sold by First Solar, Inc. and commenced commercial operations earlier this year. Project financing was provided by a lender group led by The Manufacturers Life Insurance Company. Alterra will be the managing partner for the...