Sprott Power acquires multi-year wind-power project in Quebec
New wind-farm outside of Quebec City will have a generating capacity of 24 mega-watts.
TORONTO—Sprott Power Corp. has announced a 20 year power purchase agreement with Hydro-Québec Distribution for a 24 mega‑watt wind farm in Saint-Philémon, Que.
Through its subsidiaries, Sprott Power will own 51 per cent of the project and will manage the construction and operations of the facilities.
The wind farm is about 70 kilometers south east of Quebec City and will be comprised of eight wind turbines with a generating capacity of 24 mega-watts.
As a condition of the power purchase agreement, 60 per cent of the project’s capital costs will be incurred into Quebec.
Construction will begin in 2013 and operations are expected to start by the fourth quarter of 2014.