Canadian renewables company Alterra Power Corp increased revenue by 15% to $14.1m in the third quarter of 2016, up from $12.2m last year.
EBITDA increased 24% to $21.4m during the period, compared with $17.7m last year.
However, gross profit was slightly down during the period at $2.3m from $2.9m last year.
The company said it has benefited from the commencement of operations at the 62MW Jimmie Creek run-of-river hydro project, which is selling power to British Columbia Hydro and Power Authority under a 40-year agreement.
It has also advanced the 200MW Flat Top wind farm, with the company close to finalising the turbine supply agreement.
Discussions are also ongoing related to project finance and an offtake agreement, the company said.
Image: Alterra
