EDF EN Canada sells 12.5% stake in 300MW Lac-Alfred wind project

8 September 2014 (Last Updated September 8th, 2014 18:30)

EDF EN Canada has sold its 12.5% interest in the 300MW Lac-Alfred wind project to the MRCs of La Matapédia and La Mitis.

Wind

EDF EN Canada has sold its 12.5% interest in the 300MW Lac-Alfred wind project to the MRCs of La Matapédia and La Mitis.

EDF EN will retain a 37.5% stake in the project, while Enbridge, La Matapédia and La Mitis will hold 50%, 10% and 2.5% interest respectively.

The wind farm, which features 150 Senvion turbines, is located in the municipalities of Saint-Cléophas, Sainte-Irène, Saint-Zénon-du-Lac-Humqui and the unorganised territory (UT) of Lac Alfred in the MRC de La Matapédia and in the municipality of La Rédemption and UT Lac-à-la-Croix in the MRC de La Mitis.

Construction of the wind farm started in June 2011 and reached commercial operation in two phases.

The 150MW first phase was completed in January 2013 while the 150MW phase two was finished in August 2013.

"EDF EN said it will continue to offer management services to the project."

Hydro-Quebec Distribution has agreed to buy energy generated from the plant under a 20-year power purchase agreement.

EDF EN said it will continue to offer management services to the project, and EDF Renewable Services will provide long-term operations and maintenance services.

EDF EN Canada project development director Alex Couture said: "Our wind farms not only produce clean, renewable energy, but they also bring a long-term investment opportunities for the communities that host our projects.

"This transaction is evidence of an additional way to strengthen our relationship with the communities."

Lac-Alfred is one of seven wind energy projects awarded to EDF EN Canada in 2008 and 2010 via Hydro-Quebec call for tenders.


Image: The 300 MW Lac-Alfred wind project. Photo: courtesy of Business Wire.

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