TransAlta Renewables Acquires Two Wind Projects in the U.S.

TransAlta Renewables Inc. announced today that it has entered into an arrangement to acquire two construction-ready projects in the Northeast United States.

The wind development projects consist of: a 90 MW project located in Pennsylvania which has a 15-year Power Purchase Agreement and a 29 MW projected located in New Hampshire with two 20-year PPAs.  All three counterparties have S&P credit ratings of A+ or better. Total cost of the two projects is estimated to be US$240 million, of which approximately 70% will be funded in 2018 and the remainder in 2019.  The commercial operation date for both projects is expected during the second half of 2019. “This acquisition demonstrates our commitment to grow and diversify our cash flows through... ... More: Official Press Release TransAlta Renewables

Keywords:

TransAlta Renewables, USA, wind farm, investment