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TransAlta Corporation announces closing of $540 million transaction with TransAlta Renewables

from Energy Now

TransAlta Corporation announced the closing of the investment by TransAlta Renewables Inc. in TransAlta's Sarnia Cogeneration Plant, Le Nordais wind farm and Ragged Chute hydro facility for a combined value of approximately $540 million. The Portfolio consists of approximately 611 MW of highly contracted power generation assets located in Ontario and Quebec. TransAlta Renewables' investment consists of the acquisition of securities which track the net distributable profits of the Portfolio. more

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