Brookfield Renewable Partners, a Brookfield-owned partnership that owns and operates renewable power assets, invested $750m in TransAlta, an electricity power generator and wholesale marketing company headquartered in Canada. This investment will ensure TransAlta will transition to 100% clean energy by 2025. "Brookfield's investment is a strong endorsement of TransAlta's strategy and future value," said Dawn Farrell, TransAlta President and Chief Executive Officer. "By crystallizing the value of our Hydro Assets, we can accelerate the return of capital to shareholders and invest in coal to gas conversions and strategic gas and renewable developments, while still meeting our goal to reduce senior indebtedness to $1.2bn by the end of 2020. With Brookfield as a cornerstone shareholder, we are well positioned to invest in our business and increase value for shareholders."