Feb 20 (Reuters) - Transalta Renewables Inc RNW.TO :
* TRANSALTA RENEWABLES ANNOUNCES ACQUISITION OF TWO U.S. WIND PROJECTS
* TRANSALTA RENEWABLES INC - TOTAL COST OF 2 PROJECTS IS ESTIMATED TO BE $240 MILLION, OF WHICH APPROXIMATELY 70% WILL BE FUNDED IN 2018, REMAINDER IN 2019
* TRANSALTA RENEWABLES INC - WILL FUND ACQUISITION AND CONSTRUCTION COSTS USING ITS EXISTING LIQUIDITY AND TAX EQUITY
* TRANSALTA RENEWABLES INC - COMMERCIAL OPERATION DATE FOR 2 PROJECTS EXPECTED DURING SECOND HALF OF 2019
* TRANSALTA RENEWABLES INC - DEAL IS ACCRETIVE TO CASH AVAILABLE FOR DISTRIBUTION PER SHARE