TransAlta acquires two gas turbines and power purchase agreements for $84M

TransAlta Corporation agreed to acquire two 230 MW Siemens F class gas turbines and related equipment from Kineticor Holdings for $84 million, and will assume long-term power purchase agreements with Shell Energy North America starting in late 2023. The turbines will be redeployed to repower Sundance Unit 5 as a combined cycle unit.

“The acquisition advances our repowering strategy in Alberta and increases our contractedness which will help de-risk our business as we move into a fully merchant Alberta market starting in 2021.”newswire.ca

• 3 sources
• newswire.caTransAlta Advances its Clean Energy Investment PlanTransAlta CorporationOct 30, 2019
• power-technology.comTransAlta buys Siemens F class gas turbines from Kineticor HoldingsUmesh EllichipuramOct 31, 2019
• nsenergybusiness.comTransAlta signs agreement to acquire two gas turbines for $84mdhasiniNov 1, 2019

Summarized from public sources; check the original articles before acting on it.