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Alterra Power Corp (AXY.TO)

AXY.TO on Toronto Stock Exchange

4.74CAD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Alterra Power dismisses British Columbia action
Wednesday, 1 Feb 2017 09:00am EST 

Alterra Power Corp - : Announces dismissal of British Columbia action filed by Norðurál Helguvik EHF against Alterra . Filed action was regarding 2007 power sales contract between Alterra's icelandic subsidiary, HS Orka HF and Norðurál .Action was dismissed on January 27 by agreement of both parties.  Full Article

Alterra Power and Axium Infrastructure extend service contract at Dokie
Wednesday, 7 Dec 2016 09:00am EST 

Alterra Power Corp : Alterra Power and Axium Infrastructure extend service contract at Dokie . Alterra Power Corp - Extension renews project service agreement through 2031 .Alterra Power Corp - Extension will provide comparable service standards at a cost savings to project of nearly two million dollars per year.  Full Article

Alterra power's unit HS Orka hf gets positive results from arbitration regarding validity of power purchase agreement with Norðurál Helguvík ehf
Thursday, 1 Dec 2016 09:00am EST 

Alterra Power Corp : Alterra Power-co's unit HS Orka hf got positive results from arbitration regarding validity of power purchase agreement with Norðurál Helguvík ehf . Alterra Power Corp - arbitration panel determined that power purchase agreement has lapsed due to certain circumstances, and therefore is at an end . Alterra Power Corp - panel determined that ending of contract was not due to any fault on part of HS Orka .Alterra Power Corp - panel determined that all counterclaims advanced by norðurál in arbitration have been denied.  Full Article

Alterra Power announces upsizing of previously announced financings
Thursday, 6 Oct 2016 09:24am EDT 

Alterra Power Corp : Alterra Power announces upsizing of previously announced financings . Co to upsize its previously announced bought deal financing to offering of 5.8 million common shares in capital of Alterra at $6.00 per share .Will also conduct an upsized non-brokered private placement of 4.7 million common shares in capital of Alterra for $6.00 per share.  Full Article

Alterra Power announces inaugural dividend plan and share consolidation
Tuesday, 30 Aug 2016 09:00am EDT 

Alterra Power Corp : Alterra Power announces inaugural dividend plan and share consolidation . Consolidation of common shares on basis of 1 (new) post-consolidation common share for each 10 (old) pre-consolidation common shares .Upon completion of consolidation annual dividend will be adjusted to $0.05 per common share.  Full Article

Alterra Power qtrly revenue rose 2 percent to $13.8 mln
Tuesday, 9 Aug 2016 10:01pm EDT 

Alterra Power Corp : Alterra Power announces results for the quarter ended June 30, 2016 .Quarterly revenue rose 2 percent to $13.8 million.  Full Article

Alterra Power to buy 20 MW solar portfolio
Wednesday, 20 Jul 2016 09:00am EDT 

Alterra Power Corp : Alterra Power agrees to acquire 20 MW solar portfolio . Both projects are contracted under long-term, investment-grade power purchase agreements .Reached deal with Inovateus Solar Llc to buy 80 pct ownership interest in two-project 20 mw(dc) portfolio of solar farms.  Full Article

Alterra Power signs agreement with two Icelandic investment funds to extend bond maturity
Thursday, 14 Jul 2016 04:48pm EDT 

Alterra Power Corp : Agreement with two icelandic investment funds to extend by one year maturity of bond with about $55 million; now payable on july 16, 2017 .Maturity and interest rate are adjusted from 3.5% to 5.0% for one-year extension period.  Full Article

Alterra Power acquires 200 mw flat top wind development project
Thursday, 16 Jun 2016 09:00am EDT 

Alterra Power Corp : Acquisition of flat top wind project, a 200 mw wind farm under development in comanche county and mills county, texas . Concurrently with closing, alterra placed a us$1.6 million security deposit with local transmission provider . Alterra forecasts this project to be completed and in service by end of 2017 .Alterra power acquires 200 mw flat top wind development project.  Full Article

Alterra Power qtrly revenue $14.9 million, down 9 pct
Tuesday, 10 May 2016 10:43pm EDT 

Alterra Power Corp : Qtrly revenue was $14.9 million, down 9% from comparative quarter . Jimmie Creek project is expected to generate first power in June 2016 . Qtrly net loss of $2.0 million versus $16.3 million loss .Alterra Power announces results for the quarter ended March 31, 2016 and annual general meeting.  Full Article

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BRIEF-Alterra Power acquires 320 MW Boswell Springs wind project

* Expects Boswell Springs wind project to achieve commercial operations in 2020