
The project, which is located near Drumheller, comprises 55 GE 1.6 MW turbines and will generate 275 million kilowatt hours of electricity.
IKEA Canada sustainability manager Brendan Seale said: “This investment in renewable energy supports our business and moves us closer to our global ambition to produce more renewable energy than we consume by 2020.”
The acquisition is IKEA Canada’s second investment in renewable energy in Alberta following the purchase of the 46MW Pincher Creek wind farm in 2013.
TransAlta Corp said it had sold its 51% interest in the project for $61m.
The company added that it will use the proceeds for general corporate purposes, including reducing debt and funding future renewables growth, including potential contracted opportunities in Alberta.
The transaction is expected to be completed in two to three weeks pending customary closing conditions, IKEA said.
Source: renews.biz

























In 2016, the Nord Stream Pipeline operated at 80 per cent of its annual capacity of 55 billion cubic metres (bcm). 43.8 bcm of natural gas were delivered to consumers in the European Union. This is yet another increase compared to the previous years: 39.1 bcm in 2015 (71 per cent), 35.5 bcm in 2014 (65 per cent), and 23.8 bcm in 2013 (43 per cent).