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Alterra Power Completes Sale of Soda Lake Facility

02/02/2015


TSX : AXY

VANCOUVER, Feb. 2, 2015 /CNW/ - Alterra Power Corp. (TSX: AXY) announces that it has completed its previously announced sale of the 15 MW (8 MW net) Soda Lake geothermal facility located in Fallon, Nevada to an affiliate of Cyrq Energy, Inc., and has received proceeds of US$8.5 million.  For more information, see Alterra's press release announcing the sale on January 8, 2015.

About Alterra Power Corp.

Alterra Power Corp. is a leading global renewable energy company, operating five power plants totaling 553 MW of generation capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, and two geothermal facilities in Iceland. Alterra owns a 247 MW share of this capacity, generating over 1,250 GWh of clean power annually. Alterra has an extensive portfolio of exploration and development projects and a skilled international team of developers, explorers, builders and operators to support its growth plans.

The company trades on the Toronto Stock Exchange under the symbol AXY and OTC in the United States as MGMXF.

SOURCE Alterra Power Corp.

Peter Lekich, Corporate Communications, Alterra Power Corp., Phone: 604.235.6719, Email: info@alterrapower.ca

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