Collapsed Turbine Forces TransAlta to Rebuild Canadian Wind Farm [Financial Post (Toronto, Ontario, Canada)]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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Source: Financial Post
TransAlta Renewables Inc. said replacing all 50 foundations will cost C$75 million to C$100 million ($59 million to $79 million) and take until the end of 2023. The Calgary-based company expects to lose C$3.4 million per month in revenue while the turbines are off line, according to a statement Tuesday Best sites to order face masks in Canada 2022 Advertisement Advertisement Article content It's rare for wind turbines to fall down, but it happens. A 230-meter (755-foot) one built by Vestas Wind Systems A/S collapsed in northern Sweden in 2020, and a 239-meter turbine in Germany fell down last year. The TransAlta failure in New Brunswick, however, is worse because foundations for the entire wind farm need to be replaced. TransAlta shares fell as much as 10% Tuesday, the most since March, 2020. The company sent notice to BNY Trust Company of Canada, trustee of the C$222 million in outstanding non-recourse project bonds, that “events of default may have occurred under the
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News
- Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call [Yahoo! Finance]Yahoo! Finance
- Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference CallPR Newswire
- TransAlta (TAC) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- TransAlta Corporation Enters into Automatic Share Purchase PlanPR Newswire
- TransAlta (TAC) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
TAC
Earnings
- 2/23/24 - Beat
TAC
Sec Filings
- 3/22/24 - Form 6-K
- 3/20/24 - Form 6-K
- 2/23/24 - Form 6-K
- TAC's page on the SEC website