TransAlta unveils $2 billion Clean Energy Investment Plan

TransAlta Corporation today announced its Clean Energy Investment Plan, which includes converting its existing Alberta coal assets to natural gas.

The plan includes converting three of its existing thermal units to gas in 2020 and 2021 by replacing existing coal burners with natural gas burners. They will also convert two of its units to highly efficient combined cycle natural gas units in the late 2023 to late 2024 period.

The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million of renewable energy projects already under construction.

The Clean Energy Investment Plan also consists of the four wind projects in the United States and Alberta that are currently under construction.