With more than 100 years of experience developing, owning and operating renewable power generation facilities, TransAlta brings in-depth knowledge of the renewable energy sector and nearly 20 years’ experience owning and operating Australian gas assets to TransAlta Renewables. We know how to meet today’s power needs while advancing the cleaner energy technologies of tomorrow.
The facilities in our portfolio consist of operational and highly-contracted renewable power generation facilities including wind, hydro and gas. Our objective is to create stable cash flows and consistent returns for investors with an investment vehicle comprised of power generation assets that are fully contracted for the long-term with creditworthy counterparties.
TransAlta Renewables is a sponsored vehicle that expands the TransAlta “family” of companies and will bring additional value to shareholders of both companies. TransAlta Corporation’s intention is to remain a long-term majority shareholder and its seasoned employees will continue to operate and maintain the assets under a service agreement with TransAlta Renewables.
TransAlta Renewables has the potential to access other assets remaining within TransAlta, as well as to pursue and capitalize on strategic growth opportunities through the acquisition of new facilities. We are primarily focused on growing in Canada and the U.S.; however, acquisition opportunities outside of these core regions will be considered if they meet return expectations and come with long-term contracting opportunities.
TransAlta Renewables’ senior management team has extensive experience developing, owning, operating, maintaining and growing a large fleet of power generation assets. We understand the changing landscape of the power markets that the company operates in and the challenges of meeting customer needs. This leadership team will use its extensive expertise in developing new projects, integrating acquisitions, operating in extreme and varied conditions, and improving efficiencies to deliver value to customers and shareholders.
Shareholders will be represented by a strong and experienced Board of Directors that have a comprehensive understanding of the electricity, resource, finance and regulatory sectors.