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Stock Market & Financial Investment News

News Breaks
July 28, 2014
07:39 EDTTACTransAlta to build power station in Western Australia
TransAlta has agreed to build, own and operate a 150 MW combined cycle gas power station in South Hedland, Western Australia to supply power to Horizon Power, a state owned utility, and to The Pilbara Infrastructure Pty Ltd, a wholly owned subsidiary of Fortescue Metals Group. The project is estimated to cost approximately A$570M which includes the cost of acquiring existing equipment from Horizon Power. The project will be built on an existing site at Boodarie Industrial Estate and will be one of the most efficient power stations in the region.
News For TAC From The Last 14 Days
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July 29, 2015
08:17 EDTTACTransAlta reports Q2 EPS (C$0.16) vs. (C$0.04) last year
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July 28, 2015
05:12 EDTTACTransAlta receives decision from AUC in MSA versus TransAlta
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July 27, 2015
08:47 EDTTACTransAlta announces acquisition of long-term contracted solar and wind assets
TransAlta announced the acquisition of 71 MW of long-term contracted renewable generation assets from an affiliate of Rockland Capital for a purchase price of $75.8M, together with the assumption of certain tax equity obligations and $41.8M of non-recourse project debt. The assets acquired include 21 MW of solar projects located in Massachusetts and a 50 MW wind facility in Minnesota. The assets are contracted under long-term power purchase agreements ranging from 20-30 years with several high quality counterparties. The acquisition is subject to customary regulatory approvals and is expected to close by the end of September.

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