TransAlta reports $163M Q4 loss, revenue up 40% from year ago
Free cash flow per share amounted to $1.17 per share for the quarter, up from 29 cents per share in the fourth quarter of 2021.
Earlier this month, TransAlta announced a deal to acquire a 50 per cent stake in the Tent Mountain Renewable Energy Complex, an early-stage pumped hydro energy storage development project in southwest Alberta.Under the deal, TransAlta will pay Montem Resources Ltd. about $8 million, when the deal closes, with additional payments of up to $17 million contingent on the achievement of development and commercial milestones.
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