Suncor Energy says it has reached an agreement with TransAlta Corp to exchange Suncor's Kent Breeze and its share of the Wintering Hills wind power facilities for TransAlta's Poplar Creek cogeneration facilities in Canada.
Poplar Creek provides steam and power for Suncor's Oil Sands Base site in Fort McMurray Alberta. Suncor will acquire two steam turbine generators, transmission and distribution infrastructure, including the interconnection to the Alberta power grid, and the balance of plant assets at the 376 MW Poplar Creek cogeneration facility.
Additionally, under a contract with TransAlta until 2030, Suncor will assume operating control of two gas turbine generators and heat recovery steam generators at Poplar Creek. Following 2030, ownership of the gas turbine generators and heat recovery steam generators will transfer to Suncor.
TransAlta will acquire the 20 MW Kent Breeze wind power facility located near Thamesville, Ontario as well as Suncor's 51% interest in the 88 MW Wintering Hills wind power facility located near Drumheller, Alberta.
The transaction is expected to close in the third quarter of 2015.