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.
