Natural gas giant spends $300 million to acquire ownership stake in Quebec wind project
CALGARY and MONTREAL—Enbridge Inc. will invest $300 million to acquire a 50 per cent stake of the EDF EN Canada Inc.-owned 300 mega watt Lac Alfred Wind Project.
The project, 400 kilometres north east of Quebec City in Quebec’s Bas-Saint-Laurent region, will consist of 150 wind turbines supplied by REpower and made with locally-manufactured blades, towers and converters.
Construction is set to take place in two phases. The first began last June and is expected to be completed by Dec. 2012. Phase 2 is slated for a Dec. 2013 completion.
Once operational, the project will power about 70,000 homes, yielding about a million mega watt-hours of power annually.
EDF EN Canada Inc., a Quebec-based wind energy development firm, will continue to lead and manage the construction under a fixed-price turnkey engineering, procurement and construction (EPC) agreement.
The company’s operation and maintenance affiliate enXco Service Canada Inc. will provide long-term operations and maintenance (O&M) services.
Hydro-Quebec will also buy power under a 20-year power purchase agreement (PPA) and construct the 30-kilometre transmission line to connect the project to the grid under an interconnection agreement.