Friday, February 25, 2011

TransAlta seeking to purchase renewable power assets

CEO Steve Snyder told Bloomberg that TransAlta has a strong interest in buying power assets in Canada and the U.S. and that TransAlta wants to add renewable power, including wind turbines, in Canada as well as power plants on the west coast of the U.S. and Canada. “We have a strong interest in expanding our fleet profitably,” Snyder was quoted as saying.

TransAlta Corp. is one of Canada’s largest wind power operators and added 189 MW of new wind power generation as well as a hydro plant in British Columbia in 2010.

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