Acciona takes full ownership of 76-MW wind park in Ontario
Source: Acciona S.A.
Acciona Energy said today that one of its subsidiaries has acquired the 50% stake it did not already have in the 76-MW Ripley wind farm that is located in the Canadian province of Ontario.
The energy division of Spanish infrastructure group Acciona SA (BME:ANA) has bought the stake from Suncor Energy Inc (TSE:SU), with whom it has been operating the plant in a joint venture since 2007. The value of the transaction was not disclosed.
The Ripley wind park is located near the eastern shore of Lake Huron. It generates enough electricity to supply about 24,000 homes and sells its output under a 20-year contract with the Independent Electricity System Operator.
Following the stake buy, Acciona will own 141 MW of wind power generating capacity in Canada, it said in a statement.