TransAlta Acquires 310 MW Natural Gas Portfolio in Ontario
TransAlta Corporation has agreed to acquire a 310-megawatt (MW) portfolio of four natural gas-fired power plants in Ontario from Far North Power Corp., an entity formed by Hut 8 Corp. and Macquarie Equipment Finance Ltd. The acquisition, announced today, will transfer ownership and operation of the facilities to TransAlta, one of Canada’s largest publicly traded power generators. Under a definitive share purchase agreement, TransAlta will take over the assets, which Hut 8 had previously stabilized and str ...