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TransAlta Eyes Fossil Fuel Havens for Solar, Wind Projects

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TransAlta 2Q22
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August 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--TransAlta Renewables, a subsidiary of TransAlta Corporation (NYSE:TAC) (Calgary, Alberta), is chalking up stronger revenues and higher output, following the addition of two major facilities, amid optimism around wind and solar projects in development across the U.S. and Canada.

Industrial Info is tracking more than US$3.6 billion worth of active projects from TransAlta, nearly all of which are for wind, solar or hydro power-generation projects. Many of TransAlta's biggest investments are found in fossil fuel-rich places such as Texas, Oklahoma and Alberta. In central Oklahoma, home of the Anadarko Basin, TransAlta has notched up significant progress on two major wind-energy projects.

Other companies featured: Meta Platforms Incorporated (NASDAQ:META), Westbridge Energy Corporation, Siemens AG, New Brunswick Power Corporation

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Industry Segment: Power
Word Count: 808 Words
Attachment: TransAlta 2Q22
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