Canada generator TransAlta plans 2 gigawatts of renewables by 2025

Renewables Now:

Canadian power generator TransAlta Corp (TSE:TA) has set strategic growth targets that call for the company to add 2 GW of renewables capacity to its fleet by the end of 2025.

By this date, TransAlta will invest CAD 3 billion (USD 2.4bn/EUR 2bn) in developing, building and acquiring new assets as it plans to step up growth into customer-centred renewables and storage.

“We have significant growth aspirations across Canada, the United States and Australia with a focus on renewable and storage power solutions for large customers,” president and chief executive John Kousinioris said in a press release on Tuesday.

The company will work to execute its 3-GW development pipeline and at the same time reach 2025 with an expanded pipeline of 5 GW and no coal. 

[Staff Report]

More: TransAlta sets target of adding 2 GW of renewables by 2025