Hydroelectric, Renewables, Solar, Wind

Alterra purchases Ontario solar power project

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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