TransAlta Corp., one of Canada’s largest producers of wind power, and TransAlta Renewables Inc. have completed the acquisition of RNW.
RNW will become a wholly owned subsidiary of TransAlta. TransAlta has appointed two of its employees to serve on RNW’s board of directors.
“The closing of the acquisition of TransAlta Renewables represents a key milestone for TransAlta with our simplified and unified corporate structure positioning the company well for future success,” says John Kousinioris, president and CEO of TransAlta. “The combined company will unify our assets, capital and capabilities to enhance cash flow predictability while enhancing our ability to realize future growth.”