TransAlta to Acquire Heartland Generation from Energy Capital Partners for $658 million - Expands Capabilities to Meet Demands of Energy Transition
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Thursday, November 2, 2023
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The purchase price for the acquisition is $390 million, subject to working capital and other adjustments, as well as the assumption of $268 million of low-cost debt.
Key Points:
- The purchase price for the acquisition is $390 million, subject to working capital and other adjustments, as well as the assumption of $268 million of low-cost debt.
- The Agreement provides that economic benefits arising after October 31, 2023 will be to the account of TransAlta.
- "With this acquisition we are pleased to announce the addition of highly flexible and complementary assets to our Alberta portfolio.
- We are excited for TransAlta to continue advancing the energy transition and meeting the reliability and electricity needs of Alberta," said Andrew Gilbert, ECP Partner.