Alterra in deal for BC wind sites near planned LNG terminal

Canadian renewable energy developer Alterra Power plans to buy four wind development sites in British Columbia, strategically positioned to serve anticipated energy demand from the natural gas industry in the province.

Vancouver-based Alterra says it has an agreement to purchase the development portfolio – with an estimated capacity in excess of 1GW and including meteorological-tower data – from English Bay Energy.

The seller would receive royalty payments during project operations and up to 1.34 million shares in Alterra, worth about C$549,000 at recent prices.

British Columbia aims to develop liquefied natural gas (LNG) export terminals and related facilities along its west coast, including one at Kitimat. Alterra says three of the four development locations are within 150km of proposed Kitimat export sites.…

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