TransAlta Completes Sale of 49% Stake in Oklahoma Wind Assets to Ares Infrastructure Funds
TransAlta (TAC) has finalized the sale of a 49% interest in its 500 MW wind power portfolio located in Oklahoma. The transaction was completed for US$305 million in cash, with the buyer identified as Ares Infrastructure funds. The divestment is part of TransAlta's broader strategic initiative to rotate capital toward more attractive investment opportunities within its portfolio. By reducing its stake in these specific assets while maintaining a significant interest, the company aims to optimize its balance sheet and focus on high-growth areas.
Tickers: $TAC
Topics: asset sale capital rotation renewable energy wind power