TransAlta Corporation has announced the acquisition of 71MW of long-term contracted renewable generation assets from an affiliate of Rockland Capital LLC for a purchase price of US$ 75.8 million, together with the assumption of certain tax equity obligations and US$ 41.8 million of non-recourse project debt.
The assets acquired include 21MW of solar projects located in Massachusetts and a 50MW wind facility in Minnesota. The assets are contracted under long-term power purchase agreements ranging from 20 – 30 years with several counterparties. The acquisition is subject to customary regulatory approvals and is expected to close by the end of September 2015.