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    RNW   CA8934631091

TRANSALTA RENEWABLES INC.

(RNW)
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TransAlta Renewables : wind farm in N.B. temporarily taken offline after tower collapse

10/18/2021 | 12:06pm EST

CALGARYTransAlta Renewables Inc. says it has temporarily taken a wind farm in New Brunswick offline after a tower collapse.

The Calgary-based company says one of the towers at the 167 MW Kent Hills wind facility in Kent Hills, N.B. collapsed. The facility is majority owned by TransAlta's indirect subsidiary Kent Hills Wind LP.

The company says there were no injuries. No one was in the area when the incident occurred and there are no homes in the immediate vicinity.

TransAlta says its emergency response team has secured the area to ensure safety. The remaining turbines at the Kent Hills 1 and Kent Hills 2 sites have been taken offline temporarily as a precaution.

TransAlta says it is working to determine the cause of the failure and to safely return the site to service.

TransAlta's Kent Hills wind farm consists of 50 wind turbines at Kent Hills 1 and Kent Hills 2, and five turbines at Kent Hills 3. The collapsed tower is located within the Kent Hills 2 site.

This report by The Canadian Press was first published October 18, 2021.

Companies in this story: (TSX:RNW)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
TRANSALTA CORPORATION 0.61% 13.27 Delayed Quote.37.23%
TRANSALTA RENEWABLES INC. -0.90% 18.66 Delayed Quote.-14.25%
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Financials
Sales 2021 463 M 363 M 363 M
Net income 2021 166 M 130 M 130 M
Net Debt 2021 1 029 M 807 M 807 M
P/E ratio 2021 31,0x
Yield 2021 5,04%
Capitalization 4 980 M 3 894 M 3 904 M
EV / Sales 2021 13,0x
EV / Sales 2022 12,1x
Nbr of Employees -
Free-Float 39,9%
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Number of Analysts 13
Last Close Price 18,66 CAD
Average target price 19,88 CAD
Spread / Average Target 6,56%
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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
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