Public Company Energy

TransAlta Corporation

Calgary, Alberta, Canada

TransAlta is one of Canada’s largest publicly traded power generators, delivering reliable electricity across Canada, the United States and Western Australia. It operates and evolves energy infrastructure with a technology-diverse portfolio including hydro, wind, solar, gas-fired generation and battery storage, as well as energy marketing and asset optimization activities.

Focus Areas
Hydroelectric generation, Wind power, Solar power
Website
transalta.com

Tracked deals

3

3 tracked deals across 2023-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout

TransAlta Corporation Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for TransAlta Corporation. 2 2023 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • TransAlta to Acquire Mountain Peak Power LLC and Canyon Peak Power LLC (Two Natural Gas Peaking Facilities)
    June 3, 2026
    Buyer
    TransAlta Corporation
    Target
    Mountain Peak Power LLC, Canyon Peak Power LLC
    Seller
    Blackstone, Inc.
    Industry
    Energy
    Location
    Colorado, United States
    Type
    Buyout

    TransAlta has entered into a purchase and sale agreement to acquire Mountain Peak Power LLC and Canyon Peak Power LLC, which own two new natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado. The assets are fully contracted under long-term tolling agreements (100% contracted for 25+ years) and are expected to add approximately US$80 million of Adjusted EBITDA per year. TransAlta expects the transaction to close in early Q4 2026 and will fund the equity component through a concurrent US$350 million bought deal share offering.

  • TransAlta Acquires Heartland Generation from Energy Capital Partners
    November 2, 2023
    Buyer
    TransAlta Corporation
    Target
    Heartland Generation Ltd.
    Seller
    Energy Capital Partners (affiliate)
    Industry
    Energy
    Location
    Alberta, Canada
    Type
    Buyout

    TransAlta Corporation entered a definitive agreement to acquire Heartland Generation and affiliated Alberta Power assets from an affiliate of Energy Capital Partners for approximately C$658 million inclusive of assumed debt (C$390 million purchase price plus C$268 million debt). The acquisition adds ~1,844 MW of flexible generation (cogeneration, peaking and gas-fired thermal), is expected to be immediately accretive to cash flow and deliver corporate pre-tax synergies of about C$20 million annually, and supports TransAlta's strategy to expand flexible capacity to meet Alberta's energy transition and reliability needs.

  • TransAlta Corporation to Acquire TransAlta Renewables Inc.
    July 10, 2023
    Buyer
    TransAlta Corporation
    Target
    TransAlta Renewables Inc.
    Seller
    TransAlta Renewables shareholders
    Industry
    Renewable Energy
    Location
    Alberta, Canada
    Type
    Buyout

    TransAlta Corporation has entered into a definitive arrangement agreement to acquire all outstanding common shares of TransAlta Renewables Inc. not already owned by TransAlta, offering RNW shareholders either TransAlta shares or $13.00 in cash (subject to proration). The deal is intended to simplify corporate structure, align a single clean‑electricity growth strategy and create a larger, more diversified independent power producer; closing is subject to shareholder, court and regulatory approvals.

Related Acquisition Pages

Energy Buyers & Acquisitions 2 tracked deals by TransAlta Corporation. Renewable Energy Buyers & Acquisitions 1 tracked deal by TransAlta Corporation. Acquisitions in Colorado 1 tracked deal by TransAlta Corporation.

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