TransAlta Renewables Inc. Delivers on Two Contracted U.S. Wind Projects

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Independent power producer TransAlta Renewables Inc. has reached commercial operation of two contracted wind projects: the Big Level and Antrim wind farms.  

In conjunction with reaching commercial operation, approximately $126 million of tax equity proceeds were raised to partially fund the projects.

The 90 MW Big Level wind farm, located in Pennsylvania, is under a 15-year contract with Microsoft.

The 29 MW Antrim wind farm, located in New Hampshire, has two 20-year contracts with Partners Healthcare and New Hampshire Electric Co-op. All counterparties have a Standard & Poor’s credit rating of A+ or better.

“The addition of these assets to our renewable wind fleet is a great achievement as we further diversify our cash flows with high-quality counterparties,” says John Kousinioris, president of TransAlta Renewables. “We continue to pursue additional growth opportunities, including potential drop-down transactions with TransAlta Corp.”

Photo: TransAlta Renewables Inc. wind facility

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