Are the Faroe Islands a sustainable country?

Did you know that the Faroe Islands is one of the world’s leading nations in producing sustainable electricity with over 50% of the nation’s electricity deriving from renewable energy sources? There is no shortage of renewable power in the Faroe Islands, due to the ocean currents and tides of the Northeast Atlantic and an abundance of strong wind.

Does TransAlta own RNW?

Under the Arrangement, TransAlta acquired all of the outstanding common shares of RNW (each, a “RNW Share”) not already owned, directly or indirectly, by TransAlta and certain of its affiliates, resulting in RNW becoming a wholly owned subsidiary of TransAlta.

Who is TransAlta Renewables Inc?

About TransAlta Renewables Inc. TransAlta Renewables Inc. is among the largest of any publicly traded renewable independent power producers (IPP) in Canada.

What happened to TransAlta shares?

Common shares of TransAlta (the “TransAlta Shares”) will continue to trade on both the New York Stock Exchange and the Toronto Stock Exchange under the symbols “TAC” and “TA”,respectively. As a result of the Arrangement, certain RNW directors have resigned, and TransAlta has appointed two of its employees to serve on the board of directors of RNW.

How will TransAlta's new strategy support future growth?

The combination of the two companies will be underpinned by a single strategy that provides greater clarity to investors and will support future growth,- said Mr. John Kousinioris, President and Chief Executive Officer of TransAlta.

Is Transalta a good company?

Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 111 years, TransAlta has been a responsible operator and a proud community member where its employees work and live.