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TransAlta Renewables secures term loan for Québec wind plant

TransAlta Renewables Inc.has secured a C$59.5 million term loan from for the 67.8-MW New Richmondwind farm on the Gaspésie Peninsula in Québec.

purchases theelectricity generated by the facility — in operation since March 2013 — under a20-year power contract.

"Thisfinancing will provide our clients with stable long-term returns in a promisingsector," la Caisse Executive Vice President Marc Cormier said in a newsrelease.

TransAlta Renewables is a subsidiary of