in News Departments > Projects & Contracts
print the content item

Canada-based TransAlta Renewables plans to acquire the economic interest in a 144 MW wind farm in Wyoming for about $102 million from an affiliate of NextEra Energy Resources.

TransAlta Renewables will fund the acquisition through a loan from TransAlta Corp., which holds approximately 80% of the issued and outstanding shares of the subsidiary. Although the wind farm’s name was not disclosed, TransAlta says the project is fully operational and contracted under a long-term power purchase agreement until 2028 with an investment-grade counterparty.

"The acquisition marks our first wind project in the western United States and aligns with our strategy of growing our renewables platform and diversifying our presence in the region," says Dawn Farrell, president and CEO of TransAlta. "It positions us well for future opportunities in the U.S. wind space and demonstrates the benefits of creating TransAlta Renewables."

The acquisition is subject to regulatory approvals and is expected to close by the end of December.


IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

UEA_id1896
WomenofWind_id
Acciona_id1907
JLG_id1900
AWEA_id1886
bonfiglioli_id1913