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TransAlta renewables " News Release TransAlta Renewables Reports Second Quarter 2021 Results CALGARY , Alberta ( August 10 , 2021 ) Second Quarter 2021 Highlights . • Comparable EBITDA ( 1 ) of $ 97 million , an $ 18 million decrease to the same period in 2020 Adjusted funds from operations ( " AFFO " ) ( 1 ) of $ 64 million , a $ 26 million decrease to the same period in 2020 Cash available for distribution ( " CAFD " ) ( 1 ) of $ 40 million or $ 0.15 per share in the second quarter , a $ 27 million decrease to the same period in 2020 Significant & Subsequent Events • • Completed the previously announced acquisition of a 100 per cent economic interest in the 29 MW Ada cogeneration facility and a 49 per cent economic interest in the 137 MW Skookumchuck wind facility . The economic benefit of each transaction was effective as at Jan. 1 , 2021 Executed a 10 - year contract extension at Sarnia with one of its large industrial customers Announced that it will be providing BHP Billiton Nickel West Pty Ltd. ( " BHP " ) with renewable electricity to its Goldfields - based operations through the construction of the 48 MW Northern Goldfields Solar Project Recognized as one of the Best 50 Corporate Citizens for 2021 by Corporate Knights 2021 Revised Outlook With weaker than anticipated results to date , we have amended our guidance to reflect the following revised ranges : Comparable EBITDA range of $ 470 to $ 500 million • • AFFO range of $ 310 to $ 340 million • CAFD range of $ 260 to $ 290 million TransAlta Renewables Inc. ( " TransAlta Renewables " or the " Company " ) ( TSX : RNW ) announced today financial results for the three and six months ended June 30 , 2021 . " Our strategy has been to diversify and enhance the contracted cash flow profile of our fleet . We are pleased to have made significant progress this quarter on this front with the addition of the recent Skookumchuck and Ada acquisitions that are now contributing to our results , " said Todd Stack , President . " As well , our growth and construction pipelines continue to advance . We were pleased to announce the launch of our Northern Goldfields Solar Project which will commence construction in the fourth quarter of this year . Upon completion , this project is expected to be one of the world's largest remote solar and storage projects supporting mining operations . In addition , the construction of our Windrise acquisition is proceeding to completion and is on track to achieve commercial operations later this year . Together these two new projects will add approximately $ 30 million of comparable EBITDA annually and will extend and diversify our contracted cash flow profile even further . "