USA, Nevada:

Alterra Power Completes Sale of Soda Lake Facility (News Release)

Alterra Power Corp. of Vancouver, Canada has announced 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. of Salt Lake City, Utah, and has received proceeds of US$8.5 million.

Included in the sale are certain early-stage development assets also located in Nevada. Alterra may receive additional compensation over the next five years upon the achievement of certain performance-related or earn-out provisions.

Additionally, Alterra will retain solar development rights at the Soda Lake facility site for solar projects of up to 40 MW total for up to eight years.

Read More......