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Alterra Power closes financing for 7MW solar project in Indiana

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Alterra Power Corp announces financing for Indiana project Alterra Power and Inovateus have secured a US$8.9 million construction loan from 1st Source Bank for the Kokomo solar project.

VANCOUVER, Oct. 11, 2016 /PRNewswire/ – Alterra Power Corp. (TSX: AXY) ("Alterra") and Inovateus Solar LLC ("Inovateus") are pleased to announce the closing of a $8.9 million construction loan facility (all amounts USD) for the Kokomo solar project, an approximately 7 MW(DC) solar project located in.

VANCOUVER, Oct. 11, 2016 /CNW/ – Alterra Power Corp. and Inovateus Solar LLC are pleased to announce the closing of a $8.9 million construction loan facility for the Kokomo solar. | October 12, 2016

Alterra Power Secures $19.9 Million (US) Construction Loan Facility Financing for 11 MW Spartan Solar Project. Vancouver, BC, August 15, 2017–Alterra Power Corp. (TSX: AXY) and Inovateus Solar LLC announced the closing of a $19.9 million construction loan facility (all amounts USD) for the Spartan solar project, an 11 MW solar project located on the Michigan State University campus in East.

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In December, a 7MW solar power generation plant co-owned by Inovateus Solar and Alterra Power in Kokomo Indiana is now operational. The solar generation plant will supply energy directly to Duke Energy Indiana in the first of many generation plants in the region. This plant provides 7,000,000 kWh to the residents of Kokomo Indiana.

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"We’re pleased to complete this second project with our solar partner Inovateus, and to complete another financing with 1st Source," said Jon Schintler, VP of Project Finance & Development at Alterra.

Alterra Power Corp has reached agreement with Inovateus Solar to acquire an 80% stake in two solar farms totalling 20MW in the US midwest. Alterra is developing and arranging financing for the first project, a 7MW facility in Indiana that is expected to be complete by the end of 2016. The second.

Embrey Partners acquires 21.23 acres for $7.25 million – Colorado Real Estate Journal alterra power closes financing for 7MW solar project in Indiana Alterra will manage the project, located in Kokomo, Indiana, which sells 100% of its power under a 20-year agreement with duke energy indiana. inovateus managed the construction of the project.