Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Batteries
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Batteries
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

TransAlta Renewables Announced Commercial Operation of Windrise

Urja Daily by Urja Daily
December 3, 2021
in News
Reading Time: 3 mins read
0
TransAlta-Renewables
Share on FacebookShare on TwitterShare on Linkedin

CALGARY, AB – TransAlta Renewables Inc. has announced that its 206.4 MW Windrise wind facility (the “Windrise Facility”) achieved commercial operation on November 10, 2021. The Company also announced that its indirect wholly-owned subsidiary, Windrise Wind LP (the “Issuer”), has priced a secured green bond offering by way of private placement for approximately $173 million (the “Offering”).

“This is our tenth wind facility in Alberta and is the first project to reach commercial operation out of the eight projects awarded through the second and third rounds of the Alberta Electric System Operator’s Renewable Electricity Program,” said Todd Stack, President. “The completion of the Windrise Facility during the COVID-19 pandemic demonstrates our team’s execution capabilities and commitment to delivering on our customers’ needs for clean electricity.”

RELATED POSTS

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

VinFast Expands into Hyderabad with Dual Showroom Launch

The Windrise Facility is located roughly 20 km southwest of Claresholm on approximately 11,000 acres of privately-owned land. The project consists of 43 Siemens Gamesa 4.8MW turbines.  The Windrise Facility is TransAlta Renewables’ largest wind farm to-date and has a 20-year offtake agreement with the Alberta Electric System Operator (the “AESO”).

The Offering will be secured by, among other things, a first ranking charge over all assets of the Issuer, subject to the security granted by the Issuer to the AESO for certain amounts that may become owing to the AESO in certain circumstances. The bonds will be amortizing and will bear interest from their date of issue at a rate of 3.41% per annum and mature on September 30, 2041. Payments on the bonds will be interest-only to and including December 31, 2022, with quarterly blended payments of principal and interest commencing on March 31, 2023. The bonds are aligned with the four-components of the 2021 International Capital Markets Association Green Bond Principles.

The Issuer intends to use proceeds of the Offering to, among other things, repay all amounts owing by the Issuer pursuant to an intercompany construction loan agreement entered into in connection with the Windrise Facility, make advances to TransAlta Renewables on a subordinated basis pursuant to an intercompany loan agreement, the proceeds of which will be used to finance or refinance eligible green projects, including renewable energy facilities and to fund a construction reserve account. Closing of the financing is expected to occur on or around December 6, 2021.

Windrise Facility Highlights:

  • Average annual EBITDA of $20-$22 million;
  • Total capital cost of approximately $280-$285 million;
  • Long-term contracted cashflows with a high investment grade counterparty; and
  • Extends the contracted duration of the Company’s cashflows

The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended, any state securities laws or the laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The securities mentioned herein have not been and will not be qualified for distribution to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws. The securities will be offered and sold in Canada on a private placement basis only to “accredited investors”. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in the United States, Canada or any jurisdiction in which such offer, solicitation or sale would be unlawful

Tags: RenewablesTransAltaWindrise
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

BPCL

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

by Palak
September 29, 2025
0

Kochi, Kerala, India - Bharat Petroleum Corporation Limited (BPCL) is celebrating sixty years of its Kochi Refinery. From a modest start...

VinFast

VinFast Expands into Hyderabad with Dual Showroom Launch

by Palak
September 26, 2025
0

Hyderabad, Telangana, India - VinFast Auto India announced the inauguration of its two showrooms in Hyderabad, further strengthening its presence...

Samsung

Samsung and Videotex Partner to Expand Tizen OS TVs in India

by Palak
September 25, 2025
0

Delhi : Videotex International Pvt. Ltd. has announced a partnership with Samsung to locally manufacture Smart TV powered by Samsung Tizen OS...

Mitsubishi Electric

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

by Palak
September 25, 2025
0

TOKYO - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Iwao Oda) today announced the introduction of KEGMIL, a...

WOTR

Maharashtra, WOTR Sign Pact to Mainstream Ecological Resilience in State Planning

by Palak
September 23, 2025
0

Pune: The Department of Environment and Climate Change, Government of Maharashtra, has signed an MoU with the Watershed Organisation Trust (WOTR)...

Next Post
All Energy Solar

Kenosha Solar Group Buy Program Deadline Extended into 2022

American Electric Power

AEP Recognized As One Of America's Most Responsible Companies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

BPCL

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

September 29, 2025
Montra Electric

Montra Electric Unveils Rhino 5538 EV & New Automated Battery Facility

September 29, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

Montra Electric Unveils Rhino 5538 EV & New Automated Battery Facility

VinFast Expands into Hyderabad with Dual Showroom Launch

India Can Lead in Semiconductor Innovation, If We Skill Right

Samsung and Videotex Partner to Expand Tizen OS TVs in India

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Batteries
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved