Alterra purchases Ontario solar power project

Alterra purchases 50 Mw ABW Solar power project in Ontario GE Financial Services First Solar

Alterra Power Group has completed the purchase of the 50 MW ABW Solar project in Ontario in partnership with GE Financial Services (NYSE: GE), the company announced Monday.

The project, which commenced commercial operations earlier this year, was developed and sold by First Solar Inc (Nasdaq: FSLR). Alterra will be the managing partner for the facility and hold a 10 percent interest.

Alterra CEO John Carson said the transaction opens the door for the company to pursue other solar opportunities while continuing its growth in wind, hydro and geothermal power.

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