Alterra Power closes financing for 7MW solar project in Indiana

Alterra Power Corp. and Inovateus Solar LLC have announced the closing of a US$8.9 million construction loan facility for the Kokomo solar project, an approximately 7 MW solar project located in Kokom.

"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.

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Alterra Power and Inovateus Solar announced Tuesday that they have closed on a US$19.9 million construction loan facility for the 11MW Spartan solar project, which will be developed at the.

Alterra Power Corp. and Inovateus Solar LLC are pleased to announce the closing of a $8.9 million construction loan facility for th Alterra power secures financing For Kokomo Solar Project – The Leading Solar Magazine In India

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Alterra Power Corp. (TSX: AXY) ("Alterra") and Inovateus Solar LLC ("Inovateus") are pleased to announce 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 Lansing, Michigan.

The Kokomo solar project will provide 7 MW DC of clean power capacity and economic benefit to the Indiana community and is located on a remediated Superfund parcel of city-owned land.

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Alterra Power Corp. a subsidiary of Innergex Renewable Energy Inc., is a diversified renewable power generation company based in Vancouver, British Columbia, Canada.It was formed in 2011 through the merger of Magma Energy Corp. and Plutonic Power Corp.It develops, owns, acquires and operates hydroelectric, wind, solar energy and geothermal projects.

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VANCOUVER, Aug. 8, 2017 – Alterra Power Corp. (TSX: AXY) ("Alterra") and Inovateus Solar LLC ("Inovateus") are pleased to announce 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 Lansing, Michigan.