TransAlta Sells 49% Minority Stake In Its 500 MW Wind Portfolio In Oklahoma To Ares Infrastructure For $305M

TransAlta Corporation (TransAlta or the Company) (TSX:TA) (NYSE:TAC) announced today that it has closed the sale of a 49 per cent minority ownership interest in its 500 MW wind portfolio in Oklahoma (the Assets) to Ares Infrastructure funds (Ares) for cash proceeds of US$305 million, before customary closing adjustments. The Assets include the 100 MW White Rock West, 200 MW White Rock East and 200 MW Horizon Hill wind facilities.