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.



Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995