# 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.

- Type: Acquisition
- Announced: 2024-11-14
- Where: Alberta, Canada
- Value: $542.0M
- Status: announced
- Capacity: 1,747 MW
- Products: electricity generation, cogeneration, peaking generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Energy Capital Partners](https://endata.com/companies/26371.md) (partner)
- [TransAlta](https://endata.com/companies/41082.md) (acquirer)
- [Heartland Generation Ltd.](https://endata.com/companies/73464.md) (target)

## Sources

- [transalta.com](https://transalta.com/newsroom/transalta-to-acquire-heartland-generation-from-energy-capital-partners-at-a-reduced-price-of-542-million), 2024-11-14: "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."

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