Newspaper article The Canadian Press

TransAlta Renewables Garners $200-Million Investment from Alberta Fund Manager

Newspaper article The Canadian Press

TransAlta Renewables Garners $200-Million Investment from Alberta Fund Manager

Article excerpt

TransAlta strikes renewable energy deal

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CALGARY - A day after the Alberta government unveiled its plan to tackle climate change, Alberta's pension fund manager is investing $200 million in green energy.

Alberta Investment Management Corp., which has $85 billion in assets under management, is investing $200 million in TransAlta Renewables, an affiliate of power producer TransAlta Corp. (TSX:TA).

"TransAlta has set forth a bold transition plan that will see it become one of North America's pre-eminent clean power companies," said AIMCo CEO Kevin Uebelein.

"TransAlta Renewables is an important part of that strategy. AIMCo is looking forward to a strong working relationship with TransAlta Renewables."

Once the deal closes, TransAlta Corp. …

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