Brookfield Renewable continues to be active on the strategic front. In March, the company announced a creative transaction with Canadian power company TransAlta (NYSE: TAC). Brookfield and its partners agreed to invest 750 million Canadian dollars ($557 million) into TransAlta in two installments. The investment consists of two convertible securities that will initially pay a 7% yield. The first one for CA$350 million ($260 million) closed earlier this month, and the company expects to fund the second one next October.