The company’s assets are well-diversified in terms of geography, generation, and counterparties and consist of interests in 23 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, one solar facility, and one natural gas pipeline. In total. this represents an ownership interest of 2,527 megawatts of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Quebec, New Brunswick, the states of Pennsylvania, New Hampshire, Wyoming, Massachusetts, and Minnesota and Western Australia.
Income Investor
The stock got a big boost this week when parent company TransAlta announced on Tuesday it has agreed to buy the 40% of TransAlta Renewables it did not already own. The purchase price is $13 a share, a premium of 18% over Monday’s closing price for RNW. - Gordon Pape
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RNW was first recommended here on November 13, 2014