Dokie Ridge wind farm startup completes 43 turbines
Plutonic Power Corporation finishes the 43 turbine Dokie Ridge wind farm and sells power to BC Hydro under a 25 year deal. The $228 million project, built with GE Energy Financial Services, started last November and achieved commercial operation on February 17. It has 340000 MWh annual capacity, serving about 34000 homes.
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Toba Inlet
Magma Energy to Acquire Plutonic Power in $190 Million Deal
Magma Energy to buy Plutonic Power in a share swap valued at about 190 million dollars. The new Alterra Power Corp. will span geothermal wind hydro and solar with a 575 million dollar market cap and operations in four energy sectors. Shareholders must approve at meetings next month.
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Alterra Power Corp
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