Commercial Operation of Windrise /Pricing of $173 M Proj Fin CALGARY, AB, Dec. 2, 2021 /CNW/ - TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) announced today 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."