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BRIEF-TransAlta announces acquisition of long-term contracted solar and wind assets

Published 2015-07-27, 08:52 a/m
BRIEF-TransAlta announces acquisition of long-term contracted solar and wind assets
TA
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July 27 (Reuters) - TransAlta Corp TA.TO :
* Announces acquisition of long-term contracted solar and wind assets
* Deal for $75.8 million
* Says assets acquired include 21 mw of solar projects located in Massachusetts
and a 50 mw wind facility in minnesota
* Says assets are contracted under long-term power purchase agreements ranging
from 20 - 30 years
* Says purchase price together with assumption of certain tax equity
obligations and $41.8 million of non-recourse project debt
* Says acquisition of 71 megawatts of long-term contracted renewable generation
assets from an affiliate of Rockland capital llc

* Source text for Eikon ID:nCCN2gbstJ

* Further company coverage TA.TO

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