Mergers and Acquisitions

TransAlta Corporation in its acquisition of 50% interest in an early-stage pumped hydro energy storage development project

TransAlta Corporation
Key Contact
Paula Olexiuk

Partner, Energy and Construction, Calgary

Team
Kelsey Armstrong

Partner, Corporate, Calgary

Shaira Nanji

Partner, Tax, Calgary

Bryce Kustra

Partner, Real Estate, Calgary

Sander Duncanson

Partner, Regulatory, Indigenous and Environmental, Calgary

On February 16, 2023, TransAlta Corporation announced that it entered into a definitive agreement to acquire a 50 percent interest in the Tent Mountain Renewable Energy Complex, an early-stage pumped hydro storage development project located in southwest Alberta, from Montem Resources Limited.  TransAlta and Montem will form a partnership and jointly manage the project with TransAlta acting as the project developer.

TransAlta is one of the largest renewable producers in Alberta, one of the largest producers of wind power in Canada and the largest producer of hydro-electric power in Alberta.

Osler, Hoskin & Harcourt LLP advised TransAlta Corporation with a team consisting of Paula Olexiuk (Energy and Construction), Kelsey Armstrong (Corporate), Shaira Nanji (Tax), Bryce Kustra (Real Estate) and Sander Duncanson (Regulatory, Indigenous and Environmental).

Value
-
Date Closed
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Lead Office
Calgary
Key Contact
Paula Olexiuk

Partner, Energy and Construction, Calgary

Team
Kelsey Armstrong

Partner, Corporate, Calgary

Shaira Nanji

Partner, Tax, Calgary

Bryce Kustra

Partner, Real Estate, Calgary

Sander Duncanson

Partner, Regulatory, Indigenous and Environmental, Calgary