# TransAlta to acquire Far North Power's 310 MW Ontario gas portfolio for $95M

TransAlta Corporation has entered into a definitive agreement to acquire Far North Power Corporation, which owns four natural gas-fired generation facilities totaling 310 MW in Ontario, for a purchase price of $95 million.

- Type: Acquisition
- Announced: 2025-11-17
- Where: Ontario, Canada
- Value: $95.0M
- Status: announced
- Capacity: 310 MW
- Products: natural gas-fired electricity generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TransAlta](https://endata.com/companies/41082.md) (acquirer)
- [Macquarie Equipment Finance](https://endata.com/companies/75383.md) (partner)
- [Hut 8 Corp.](https://endata.com/companies/75384.md) (partner)
- [Far North Power Corp.](https://endata.com/companies/75386.md) (target)

## Sources

- [business.woonsocketcall.com](https://business.woonsocketcall.com/observerreporter/article/gnwcq-2025-11-17-transalta-to-acquire-310-mw-contracted-ontario-gas-portfolio-for-95-million), 2025-11-17: "With this acquisition, our position in Ontario increases through contracted and complementary assets."
- [business.thepilotnews.com](https://business.thepilotnews.com/thepilotnews/article/gnwcq-2025-11-17-transalta-to-acquire-310-mw-contracted-ontario-gas-portfolio-for-95-million), 2025-11-17: "With this acquisition, our position in Ontario increases through contracted and complementary assets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.