30 Jan '17, 8pm

Ikea buys 88MW wind farm in Alberta from @TransAlta and awards O&M contract to @ApexCleanEnergy:

Ikea has agreed to acquire the 88MW Wintering Hills wind farm in Alberta, Canada from TransAlta and Teck Resources for C$119.6m ($91.3m), in two separate deals. Ikea awarded Apex Clean Energy a multi-year contract to manage operate the wind farm. Wintering Hills was commissioned in 2011 using 55 GE 1.6MW turbines, and is located 130km east of Calgary, near Drumheller. TransAlta, Canada’s largest wind generator, will receive C$61m for its 51% stake in the wind farm, while metal and mining giant Teck Resources will sell its 49% stake for C$58.6m. The deal is set to close by mid-February. Wintering Hills is one of the newest wind farms in Calgary-based TransAlta’s fleet. Despite the sale, the company “remains committed to the expansion of its renewables fleet in Alberta”, says chief financial officer Donald Tremblay. Wintering Hills will be the second wind farm owned by Ikea ...

Full article: http://www.rechargenews.com/wind/1211042/ikea-to-buy-88mw...

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