On February 22, 2024, subsidiaries of TransAlta Corporation, a Canadian clean energy solutions company, entered into 10-year transfer agreements with an AA-rated customer for the sale of approximately 80 percent of the expected Production Tax Credits (PTCs) to be generated from their White Rock and the Horizon Hill wind projects in Oklahoma. The expected annual average EBITDA from these transfer agreements is approximately $43 million. These transfer agreements mark one of the largest publicly announced PTC transfer transactions with a 10-year term since the passage of the Inflation Reduction Act (IRA).

Wilson Sonsini Goodrich & Rosati represented TransAlta in this transaction.

The Wilson Sonsini team that advised TransAlta on this transaction included Elina Coss, Edward Kayukov, Nicole Gambino, Jaron Goddard, and Claire Yerman.

For more information, please see TransAlta's news release.