Alterra Power Acquires California Wind Development Project

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."