TransAlta building massive renewable energy project in southwestern Alberta
TransAlta has announced it will build a multi-million-dollar renewable energy project on the site of a former coal mine.
The utility company says it is paying $26.7 million for a 50 per cent stake in Montem Resources' Tent Mountain Renewable Energy Complex (TM-REX).
According to Montem's website, the project includes a hydroelectric power system, a green hydrogen electrolyser and a 100 megawatt offsite wind farm.
It's expected to produce enough power to supply 450,000 homes at once.
Blair Painter, the mayor of Crowsnest Pass, hopes the facility will bring huge benefits to the region and is glad to see TransAlta get on board.
"It's really exciting to hear that a big player like them have jumped in," he said. "We're looking forward to this moving ahead as quickly as possible.
"I think it's a great opportunity for our community."
The project is expected to support 350 contruction jobs and 40 full-time operational jobs once the facility is finished.
The deal will be finalized later this month.
CTVNews.ca Top Stories
Wildfire leads to evacuation order issued for northeast Alberta community
An evacuation order was issued on Monday afternoon for homes in the area of Cold Lake First Nation.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
Which foods have the most plastics? You may be surprised
'How much plastic will you have for dinner, sir? And you, ma'am?' While that may seem like a line from a satirical skit on Saturday Night Live, research is showing it's much too close to reality.
Celebrity designer sentenced to 18 months in prison for smuggling crocodile handbags
A leading fashion designer whose accessories were used by celebrities from Britney Spears to the cast of the 'Sex and the City' TV series was sentenced Monday to 18 months in prison after pleading guilty in Miami federal court on charges of smuggling crocodile handbags from her native Colombia.
opinion I've been a criminal attorney for decades. Here's what I think about the case against Trump
Joey Jackson, a criminal defence attorney and a legal analyst for CNN, outlines what he thinks about the criminal case against Donald Trump in the 'hush money trial.'
Diver pinned under water by an alligator figured he had choice. Lose his arm or lose his life
An alligator attacked a diver on April 15 as he surfaced from his dive, nearly out of air. His tank emptied with the gator's jaws crushing the arm he put up in defence.
'Trees going up like Roman candles' as wildfire season starts early in B.C.
Susanne Langan first noticed the Burgess Creek wildfire from her home in British Columbia's Cariboo region on Saturday afternoon as a distant, thin column of smoke.
Indian national sentenced in US$150M Canadian, U.S. dark web drug enterprise
An Indian national has been sentenced in the United States to five years in prison in connection with a dark web drug enterprise that stretched as far as Canada, an American Department of Justice release says.
Search for missing kayakers off Vancouver Island expands into U.S.
Authorities on both sides of the Canada-U.S. border resumed search efforts Monday to find two men who went missing while kayaking off Vancouver Island over the weekend.