CALGARY, ALTA. — TransAlta Corp. has signed a deal with the Canada Pension Plan Investment Board and Brookfield to be the exclusive site and power provider for a data centre in Alberta.
The company says the memorandum of understanding sets out a framework for the development at the company’s Keephills site in Parkland County, including an initial long-term power purchase agreement.
The deal came as TransAlta raised its quarterly dividend and reported a fourth-quarter loss attributable to common shareholders of $62 million compared with a loss of $65 million a year earlier.
The company says it will now pay a quarterly dividend of seven cents per share, up from 6.5 cents.
TransAlta says its fourth-quarter loss amounted to 21 cents per diluted share compared with a loss of 22 cents per share a year earlier. Revenue for the quarter totalled $599 million, down from $678 million a year earlier.
On an adjusted basis, TransAlta says it lost six cents per share in its latest quarter compared with an adjusted profit of a penny per share in the fourth quarter of 2024.
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