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Leveraging our Power business as a platform for future growth and diversification, TC Energy is seeking to identify and contract with and/or invest in renewable energy projects that could generate up to 3.2 million MWh/year of zero carbon energy comprising of up to 620 MW of wind, 300 MW of solar and 100 MW of battery storage capacity.
The TC Energy trading platform, combined with our investment-grade credit rating, allows us to design custom risk management solutions.
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TransCanada Corporation today announced that it has entered into an agreement to sell its Coolidge Generating Station to SWG Coolidge Holdings, LLC, a wholly owned subsidiary of Southwest Generation Operating Company, LLC, for approximately US$465 million (Cdn$623 million), subject to closing adjustments and customary regulatory approvals. Located in Coolidge, Arizona, the Coolidge Generating Station is a 575-megawatt natural gas-fired power facility that is underpinned by a long-term power purchase agreement (PPA).
TC Energy will purchase 20 megawatts of solar energy at East Strathmore Solar; this agreement means TC Energy receives all rights to the current and future environmental attributes of the project. The solar project is one of the first solar-power-generation facilities in the area east of Calgary, Alberta.
In Kentucky and across the continent, TC Energy connects homes and businesses to the energy they need. Through our one-of-a-kind network of natural gas assets, we seamlessly move, generate and store energy and deliver it where it is needed most.