Enbridge to buy 50% stake in Canadian wind power project

23 July 2013 (Last Updated July 23rd, 2013 18:30)

Enbridge has agreed to acquire a 50% stake in the 80MW Saint-Robert-Bellarmin wind project in Quebec from EDF EN Canada.

Wind turbines

Enbridge has agreed to acquire a 50% stake in the 80MW Saint-Robert-Bellarmin wind project in Quebec from EDF EN Canada.

The wind power project, located in the municipality of Saint-Robert-Bellarmin and the MRC du Granit, became operational in October 2012 and generates enough energy for more than 18,000 homes in Quebec.

The wind power plant, which features 40 REpower 2MW turbines, was built by Borea Construction.

Hydro-Quebec Distribution has agreed to buy the electricity generated from the plant for 20 years.

EDF EN Canada's operation and maintenance affiliate EDF Renewable Services will continue to provide long-term operations and maintenance services.

The project will be an addition to Enbridge's existing portfolio of around 1,600MW of renewable energy projects.

"Hydro-Quebec Distribution has agreed to buy the electricity generated from the plant for 20 years."

Enbridge Green Energy & Power Transmission vice-president Don Thompson said renewable energy plays a key role in the company's long-term strategy by laying the foundations for a diversified future asset base.

"The acquisition of 50% of Saint-Robert-Bellarmin is Enbridge's third partnership with EDF EN Canada for wind power facilities in Quebec's attractive wind energy market, delivering solid returns and stable cash flow," Thompson said.

Saint-Robert-Bellarmin is one of the seven wind energy projects awarded to EDF EN Canada between 2008 and 2010 through the Hydro-Quebec call for tenders.

EDF EN Canada is expected to have a total of 1,003.2MW in the province by the end of 2015.

Earlier in 2013, EDF EN Canada and Enbridge signed an agreement with Greengate Power to jointly acquire the 300MW Blackspring Ridge wind project in Alberta, Canada, for $600m.


Image: Saint-Robert-Bellarmin project will be an addition to Enbridge's existing portfolio of around 1,600MW of renewable energy projects. Photo: courtesy of FreeDigitalPhotos.net.

Energy