# 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.

- Type: Acquisition
- Announced: 2019-10-30
- Where: Sundance, Alberta, Canada
- Value: $84.0M
- Status: announced
- Capacity: 730 MW
- Products: gas turbines, electric power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TransAlta](https://endata.com/companies/41082.md)
- [Siemens](https://endata.com/companies/301.md) (supplier)
- [TransAlta](https://endata.com/companies/41082.md) (acquirer)
- [Kineticor Holdings](https://endata.com/companies/43004.md) (target)
- [Shell Energy North America](https://endata.com/companies/43005.md) (customer)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/transalta-advances-its-clean-energy-investment-plan-858553389.html), 2019-10-30: "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."
- [power-technology.com](https://www.power-technology.com/news/transalta-kineticor-holdings/), 2019-10-31: "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."
- [nsenergybusiness.com](https://www.nsenergybusiness.com/company-news/transalta-acquire-gas-turbines/), 2019-11-01: "The acquisition advances our repowering strategy in Alberta and increases our contractedness which will help de-risk our business."

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