TransAlta closes wind stake sale and $1 billion Colorado gas acquisition
TransAlta ($TAC) completed two transactions that reshape its generation portfolio. It sold a 49% interest in a 500-megawatt Oklahoma wind portfolio to infrastructure funds managed by Ares ($ARES) for $305 million in cash before adjustments. TransAlta retains operational control and long-term asset-management responsibilities for the White Rock and Horizon Hill assets. The company also closed its acquisition of Mountain Peak Power and Canyon Peak Power from Blackstone ($BX) for $1 billion, includ
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