BlackRock Real Assets to co-own Texas wind project with Alterra
Vancouver renewable energy company Alterra Power Corp (TSX: AXY) has agreed to share ownership of the 200 megawatt Flat Top wind project with BlackRock Real Assets, an affiliate of U.S. investment manager Blackrock Inc. BlackRock Real Assets acquired a 49 percent sponsor-partner interest in the project. No financial terms were released. Alterra acquired the central Texas asset in 2016, placing a US$1.6 million security deposit with the local transmission provider. The company is undertaking construction of the project, which is expected to be in operation by the first half of 2018.
20 July 2017•3 mins read
