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TransAlta Renewables Inc. Declares 9% Increase in Dividend and Closing of its Investment in TransAlta Corporation’s Western Australian Portfolio

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CALGARY, ALBERTA–(Marketwired – May 7, 2015) – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX:RNW) announced the closing today of its investment in an economic interest based on the cash flows of TransAlta Corporation’s Australian assets (the “Transaction”). The portfolio, held by TransAlta Energy (Australia) Pty Ltd, consists of 575 MW of power generation from six operating assets and the South Hedland project currently under construction, as well as the recently commissioned 270 km gas pipeline. The combined value of the Transaction is approximately $1.78 billion. The Transaction was originally announced …read more

Read more here:: http://www.marketwired.com/mw/release.do?id=2017844&sourceType=3

      

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