TransAlta to acquire Heartland Generation for $542 million

TransAlta Corporation entered an amending agreement to acquire Heartland Generation from Energy Capital Partners for approximately $542 million, including assumption of $232 million debt. The deal adds 1,747 MW of capacity in Alberta and includes required divestitures of Poplar Hill and Rainbow Lake assets.

“Transaction to add 1,747 MW (net interest) of complementary capacity, including contracted cogeneration and peaking generation, legacy gas-fired thermal generation, transmission capacity, and potential hydrogen development opportunities.”transalta.com

• 1 source
• transalta.comTransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 MillionNov 14, 2024

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