Canadian Hydro ends offshore prospect agreement
Wasatch is a private U.S.-based renewable energy company. Terms of the Agreement remain confidential.
On October 23, TransAlta Corporation's acquired approximately 87 per cent of the outstanding common shares of Canadian Hydro. Canadian Hydro now believes that based on the growth opportunities available, off shore wind is not a priority at this time.
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"We know staying at home means using more electricity during the day when electricity prices are higher, that's why we are once…
