Published on 6 Oct 2023 on Zacks via Yahoo Finance
TransAlta (TAC) Closes Acquisition of TransAlta Renewables
TransAlta Corporation TAC recently concluded its acquisition of TransAlta Renewables Inc. (“RNW”). RNW will now be a wholly owned subsidiary of TransAlta.
Benefits of the Transaction
TAC and RNW are expected to become a unified, large-scale clean electricity leader and one of Canada’s largest independent power producers with direct ownership in an extensive renewables platform. The combined company will have a diversified renewables platform with increased market capitalization, a robust balance sheet and enhanced ability to realize future growth.The integrated portfolio of high-quality assets will have 6,246 megawatts (MW) of net capacity ownership interest.