Canadian Manufacturing

TransAlta acquires a 29 MW cogeneration plant in Michigan

The plant is contracted under a long-term power purchase and steam sale agreements for six years

March 17, 2020  by Cleantech Canada Staff

CALGARY — Calgary-based utility TransAlta Corp. has acquired a contracted cogeneration plant in Michigan from two private companies for US$27 million.

The 29 megawatt cogeneration facility is contracted under a long-term power purchase and steam sale agreements for approximately six years.

The Calgary-based provider of electric power said the acquisition is its first U.S. cogeneration project.

The plant, with a single GE LM2500 gas turbine and an ABB steam turbine, has been operational since 1991.

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The acquisition, subject to regulatory approvals, is to close in the second quarter of the year.