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Alterra Power acquires 40MW wind project in California, US

Published 19 September 2017

Alterra Power has acquired the 40MW Jawbone wind project in Kern County, in the US state of California.

The wind farm is fully zoned for wind-powered generation. Following a collaborative effort that began over a year ago, Alterra acquired the project from Jawbone Wind Energy, LLC, which is principally owned by Philip and Daniel Rudnick, who will continue to work with Alterra to complete development of the project.

Alterra also commenced construction of the Project's main power transformer in 2016, and expects the project to qualify for federal production tax credits (PTCs) at the full rate.

John Carson, Alterra's CEO, said "We're extremely pleased to acquire Jawbone, representing one of the few viable opportunities to build new wind generation in California. We expect to contract the facility over the next twelve months, and begin delivering power in 2020. Our thanks go to the Rudnicks for entrusting their project to Alterra."
 



Source: Company Press Release