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TransAlta Renewables Inc (RNW.TO)

RNW.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Transalta Renewables Announces The Acquisition Of Three Renewable Assets From Transalta Corp
Thursday, 31 May 2018 05:07pm EDT 

May 31 (Reuters) - TransAlta Renewables Inc ::TRANSALTA RENEWABLES ANNOUNCES THE ACQUISITION OF THREE RENEWABLE ASSETS FROM TRANSALTA CORPORATION, IMPLEMENTATION OF A DIVIDEND REINVESTMENT PLAN AND DECLARES DIVIDENDS.TRANSALTA RENEWABLES INC - TOTAL PURCHASE PRICE FOR THREE ASSETS IS $166 MILLION.TRANSALTA RENEWABLES INC - WILL FUND EQUITY VALUE PORTION OF ACQUISITION USING EXISTING LIQUIDITY.TRANSALTA RENEWABLES INC - EQUITY VALUE OF $104 MILLION REPRESENTS A 10X MULTIPLE OF CAFD AND IS EXPECTED TO BE ACCRETIVE ON A PER SHARE BASIS.TRANSALTA RENEWABLES INC - CO'S BOARD APPROVED IMPLEMENTATION OF A DIVIDEND REINVESTMENT PLAN FOR CANADIAN HOLDERS OF TRANSALTA RENEWABLES.  Full Article

Transalta Renewables Reports Qtrly Adjusted FFO Per Share $0.44​
Thursday, 22 Feb 2018 09:21pm EST 

Feb 22 (Reuters) - Transalta Renewables Inc ::TRANSALTA RENEWABLES REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS, PROVIDES OUTLOOK FOR 2018 AND DECLARES DIVIDENDS.‍QTRLY REVENUE C$134 MILLION VERSUS C$94 MILLION A YEAR AGO​.QTRLY ‍NET EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS $0.13​.QTRLY ADJUSTED FUNDS FROM OPERATIONS PER SHARE $0.44​.SEES 2018 ADJUSTED FUNDS FROM OPERATIONS ("AFFO") C$315 MILLION TO C$340 MLN‍​.SEES 2018 COMPARABLE EBITDA C$400 MILLION TO C$420 MILLION.  Full Article

Transalta Renewables Acquires Two U.S. Wind Projects
Tuesday, 20 Feb 2018 08:08am EST 

Feb 20 (Reuters) - Transalta Renewables Inc ::TRANSALTA RENEWABLES ANNOUNCES ACQUISITION OF TWO U.S. WIND PROJECTS.TRANSALTA RENEWABLES INC - ‍TOTAL COST OF 2 PROJECTS IS ESTIMATED TO BE $240 MILLION, OF WHICH APPROXIMATELY 70% WILL BE FUNDED IN 2018, REMAINDER IN 2019​.TRANSALTA RENEWABLES INC - WILL FUND ACQUISITION AND CONSTRUCTION COSTS USING ITS EXISTING LIQUIDITY AND TAX EQUITY​.TRANSALTA RENEWABLES INC - ‍COMMERCIAL OPERATION DATE FOR 2 PROJECTS EXPECTED DURING SECOND HALF OF 2019​.TRANSALTA RENEWABLES INC - DEAL IS ‍ACCRETIVE TO CASH AVAILABLE FOR DISTRIBUTION PER SHARE​.  Full Article

Transalta Renewables posts Q3 loss per share $‍0.30​
Thursday, 2 Nov 2017 06:41pm EDT 

Nov 2 (Reuters) - Transalta Renewables Inc :Transalta Renewables reports third quarter 2017 results and changes to management and board.Transalta Renewables Inc qtrly loss per share $‍0.30​.Transalta Renewables Inc qtrly ‍revenue $94 million versus $45 million​.  Full Article

Transalta Renewables announces pricing of $260 mln project financing of new Brunswick Wind assets
Wednesday, 27 Sep 2017 05:46pm EDT 

Sept 27 (Reuters) - Transalta Renewables Inc :Transalta Renewables announces pricing of $260 million project financing of new brunswick wind assets.Transalta Renewables - ‍bonds to be amortizing , bear interest from their date of issue at rate of 4.454%, payable quarterly, maturing on nov 30, 2033​.Transalta Renewables Inc - 17.25 mw kent hills iii expansion is expected to begin commercial operation in october 2018.Transalta Renewables Inc- Canadian hydro developers will redeem all 5.77% debentures, series 3, due june 19, 2018; amount $116 million.Transalta Renewables - ‍ CHD will also redeem all of its 7.027% unsecured debentures, series 4, due June 11, 2018 in principal amount of $50.5 million ​.Transalta Renewables-chd will redeem all 7.308 pct unsecured debentures, series 5, due june 11, 2018 in principal amount of US$20 million on october 12, 2017.Transalta Renewables Inc - redemption price will be $1,045.99 per $1,000 principal amount of the series 3 debentures.Transalta Renewables- ‍ redemption price to be $1,057.79 per $1,000 principle sum of series 4 debentures,$1,060.59 per $1,000 sum of series 5 debentures​.Transalta Renewables Inc- proceeds advanced to CHD by co's unit from financing will be used to partially fund redemption price of debentures.  Full Article

Transalta Renewables reports Q2 revenue C$112 mln
Wednesday, 9 Aug 2017 08:00am EDT 

Aug 9 (Reuters) - Transalta Renewables Inc :Transalta Renewables reports second quarter 2017 results.Qtrly AFFO earnings per share $0.29.Qtrly revenue C$112 million versus C$52 million last year.  Full Article

Transalta and Transalta Renewables provide update on the status of commercial operations at south hedland power station
Tuesday, 1 Aug 2017 05:20am EDT 

Aug 1 (Reuters) - Transalta Renewables Inc :Transalta and Transalta Renewables provide update on the status of commercial operations at South Hedland power station.Transalta - ‍all conditions to establishing commercial operations have been achieved under terms of power purchase agreement with FMG have been satisfied.Transalta Renewables Inc - ‍south Hedland power station is fully operational and able to meet all of FMG's requirements under terms of PPA​.Transalta Renewables - co, ‍transalta Corp responded to Fortescue Metals' view that South Hedland power station has not achieved commercial operation​.  Full Article

Transalta Renewables says Fortescue Metals Group to repurchase Solomon power station
Tuesday, 1 Aug 2017 02:04am EDT 

Aug 1 (Reuters) - TransAlta Renewables Inc - :TransAlta Renewables responds to Fortescue Metals Group's notice to repurchase the Solomon power station.Gross proceeds from repurchase are estimated to be approximately US$335 million.Will utilize proceeds in part to repay credit facility used to fund development of South Hedland power station.TransAlta Renewables- reaffirms cash available for distribution guidance for 2017, and expects CAFD for 2018 to be in line with market expectations.Expects CAFD for 2018 to be in line with market expectations..FMG intends to assume operation and control of power station in November 2017.  Full Article

TransAlta Renewables announces commissioning of South Hedland power station and 7pct dividend increase
Friday, 28 Jul 2017 04:17am EDT 

July 28 (Reuters) - TransAlta Renewables Inc - :TransAlta Renewables announces commissioning of the South Hedland power station and a 7pct dividend increase.Approved an increase in dividend of $0.06 per year or approximately 7pct.TransAlta Renewables Inc says South Hedland power station is expected to contribute approximately $80 million of EBITDA on an annualized basis.  Full Article

TransAlta Renewables reports $129 mln in Q1 revenue
Wednesday, 3 May 2017 04:30pm EDT 

May 3 (Reuters) - TransAlta Renewables Inc :Transalta Renewables reports first quarter 2017 results.Says expects its comparable ebitda for 2017 to be in range of $425 million and $450 million.Sees cafd to be in range of $235 million and $260 million for fy.Sees adjusted funds from operations to be in range of $320 million and $350 million in fy.Qtrly adjusted funds from operations per share $0.37.Qtrly revenue $129 million versus $68 million.Q1 earnings per share view c$0.25, revenue view c$73.1 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Transalta Renewables Reports Qtrly Adjusted Funds From Operations Per Share C$0.39

* TRANSALTA RENEWABLES INC - TRANSALTA RENEWABLES REAFFIRMS ITS FINANCIAL OUTLOOK FOR 2018