TransAlta Closes $305 Million Sale of 49% Oklahoma Wind Stake
Photo: TokenPost
TransAlta Corporation completed the sale of a 49% interest in its Oklahoma wind portfolio to Ares Infrastructure funds on Thursday, Oct. 22, for $305 million in cash before customary closing adjustments. The portfolio has a stated capacity of 500 megawatts, and TransAlta will retain operational oversight under a long-term asset management agreement. The portfolio comprises White Rock West, with a stated capacity of 100 MW, and White Rock East and Horizon Hill, each listed at 200 MW. The facilities have long-term contracts with investment-grade counterparties. Associated production tax credits expire in 2034.
Source: TokenPost
