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Transactions - DECEMBER 23, 2021

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TransAlta announces $460m White Rock Wind Project

by Released

TransAlta Corp. has entered into two long-term power-purchase agreements for the offtake of 100 percent of the generation from its 300-megawatt White Rock East and White Rock West Wind Power Projects (collectively, White Rock Wind Project), to be located in Caddo County, Okla. Total construction capital is estimated at approximately $460 million to $470 million.

Contracting the renewable electricity and environmental attributes to an outstanding new customer with an AA credit rating from S&P Global Ratings enables TransAlta to move into the construction phase and add the White Rock Wind Project to its growing wind-generation fleet.

John Kousinioris, president and CEO of TransAlta, said, “This project is another step towards executing our recently announced Clean Electricity Growth Plan of delivering 2 GW of capacity by 2025. White Rock East and West will collectively be the largest wind project we have undertaken and are excellent additions to our Company's expa

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