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TransAlta Buys US$75 Million in Wind, Solar Projects

July 29, 2015
Reading time: 1 minute

http://www.geograph.org.uk/photo/2526511

Geograph.org.uk

 

Calgary-based coal utility TransAlta Corp. announced US$75.8 million in renewable energy investments this week, with long-term power purchase contracts for a 50-MW wind farm in Minnesota and 21 MW of solar projects in Massachusetts.

http://www.geograph.org.uk/photo/2526511
Geograph.org.uk

TransAlta had past experience with wind and hydroelectric generation, but its deal with Rockland Capital LLC was its “first foray into solar power,” CBC reports.

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CBC notes that the new Alberta government’s decision to scale back its reliance on coal-generated electricity “poses a risk for TransAlta, which gets part of its earnings from coal-fired power plants in Alberta and the western United States.”



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