Paul Weiss client TransAlta Renewables Inc. closed its initial public offering of 20 million common shares at Cdn$10.00 per share. CIBC World Markets Inc. and RBC Dominion Securities Inc. co-led the syndicate of underwriters for the transaction.

TransAlta Renewables, a majority-owned subsidiary of Paul, Weiss client TransAlta Corporation, owns a portfolio of renewable power generation facilities and has one of the largest power generating capacities of any publicly traded renewable independent power producer in Canada.

The Paul, Weiss team advising TransAlta Renewables included corporate partner Andrew Foley; tax partner David Sicular; and environmental counsel William O'Brien.