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    RNW   CA8934631091

TRANSALTA RENEWABLES INC.

(RNW)
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TransAlta Renewables Announces the Acquisition of a Fully Contracted 122 MW Solar Portfolio in North Carolina

09/02/2021 | 07:00am EDT

TransAlta Renewables Inc. announced that it has entered into definitive agreements for the acquisition of a 122 MW portfolio of operating solar facilities located in North Carolina. The assets will be acquired from a fund managed by Copenhagen Infrastructure Partners for USD 96.65 million, subject to working capital adjustments and the assumption of existing tax equity obligations. The acquisition will be funded using existing liquidity. Income distributions to the Company will be net of cash and tax attributes provided to the tax equity investor. The acquisition is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2021. The transaction is structured so that at closing, TransAlta Renewables will acquire a 100% economic interest in North Carolina Solar from a wholly-owned subsidiary of TransAlta Corporation through a tracking share structure.


ę S&P Capital IQ 2021
All news about TRANSALTA RENEWABLES INC.
10/07TRANSALTA : and TransAlta Renewables Third Quarter 2021 Results and Conference Call
AQ
10/04TRANSALTA RENEWABLES : Neutral Rating Maintained by Credit Suisse Following Management Mee..
MT
09/29TRANSALTA : RBC Capital Markets Says TransAlta's Growth Plan Should Attract ESG-Minded Inv..
MT
09/28TRANSALTA : Says Established Renewables Growth Targets and Declares Dividend Increase of 1..
MT
09/28TRANSALTA BRIEF : Says Established Renewables Growth Targets and Declares Dividend Increas..
MT
09/09Credit Suisse On Its Canada Top Picks For September; Includes Financials, Infrastructur..
MT
09/02TRANSALTA RENEWABLES : Acquiring 122 MW Solar Facility Portfolio in North Carolina for Ove..
MT
09/02TRANSALTA RENEWABLES BRIEF : Details Acquisition of a Fully Contracted 122 MW Solar Portfo..
MT
09/02TRANSALTA RENEWABLES : Announces the Acquisition of a Fully Contracted 122 MW Solar Portfo..
AQ
09/02TransAlta Renewables Announces the Acquisition of a Fully Contracted 122 MW Solar Portf..
CI
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Analyst Recommendations on TRANSALTA RENEWABLES INC.
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Financials
Sales 2021 472 M 382 M 382 M
Net income 2021 198 M 160 M 160 M
Net Debt 2021 1 006 M 813 M 813 M
P/E ratio 2021 30,4x
Yield 2021 4,76%
Capitalization 5 279 M 4 267 M 4 265 M
EV / Sales 2021 13,3x
EV / Sales 2022 12,2x
Nbr of Employees -
Free-Float 39,9%
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Technical analysis trends TRANSALTA RENEWABLES INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 19,78 CAD
Average target price 20,27 CAD
Spread / Average Target 2,47%
EPS Revisions
Managers and Directors
Todd J. Stack President
Brent Ward Chief Financial Officer
Allen R. Hagerman Chairman
David William Drinkwater Independent Director
Kathryn B. McQuade Independent Director
Sector and Competitors