January 23, 2017 10:30 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Alterra Power Corp.

Company Overview

Alterra Power Corp., together with its subsidiaries, owns, acquires, develops, and operates renewable power projects. It operates power plants totaling 757 megawatts (MW) of capacity, including 2 geothermal facilities in Iceland; a 235 MW run-of-river hydro facility; a 144 MW wind facility in British Columbia; and a 204 MW wind facility in Texas. The company was formerly known as Magma Energy Corp. and changed its name to Alterra Power Corp. in May 2011. Alterra Power Corp. was incorporated in 2008 and is headquartered in Vancouver, Canada.

888 Dunsmuir Street

Suite 600

Vancouver, BC V6C 3K4


Founded in 2008

119 Employees





Key Executives for Alterra Power Corp.

Chief Executive Officer and Director
Total Annual Compensation: C$424.9K
Chief Financial Officer
Total Annual Compensation: C$109.8K
General Counsel
Total Annual Compensation: C$205.0K
Vice President of Hydro Power
Total Annual Compensation: C$272.7K
Vice President of Wind and Geothermal Power
Total Annual Compensation: C$269.5K
Compensation as of Fiscal Year 2015.

Alterra Power Corp. Key Developments

Alterra Power Update Wind Project Qualification

Alterra Power Corp. announced that in 2016 it commenced on-site and off-site project activities intended to qualify several wind projects for USA renewable tax incentives (production tax credits, or PTCs), including the 200 MW Flat Top project. The estimated generation capacity for the qualifying projects is between 1,200-1,700 MW, with intended project locations in multiple states. The group of projects consist of projects fully owned by Alterra as well as projects owned by other wind developers with whom Alterra is working toward project acquisition or partnership.

Alterra Power Eyes Acquisitions

Alterra Power Corp. (TSX:AXY) is looking for acquisition opportunities. "We've made significant progress this year stocking our pipeline with early and late-stage development projects," said John Carson, Alterra's Chief Executive Officer. "We intend to continue our project acquisition and greenfield development efforts in 2017."

Alterra Power Corp. Presents at AltaCorp Capital Institutional Investor Energy Agriculture & Diversified Conference, Jan-10-2017

Alterra Power Corp. Presents at AltaCorp Capital Institutional Investor Energy Agriculture & Diversified Conference, Jan-10-2017 . Venue: Shangri-La Hotel, Toronto, Ontario, Canada.

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Recent Private Companies Transactions

Private Placement
October 5, 2016
July 20, 2016
Inovateus Solar LLC, 20 MW Solar Portfolio
June 16, 2016
Flat Top Wind Project, A 200 MW Wind Farm

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