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Desjardins to join EDF in 201.6-MW wind project in Alberta

EDF Renewable Energy (Photo: Business Wire)

June 21 (Renewables Now) - Canada’s Desjardins Group Pension Plan (DGPP) intends to buy 40.5% of EDF Renewables Canada's interest in the 201.6-MW Cypress wind project in Alberta.

The Canadian pension fund announced this on Wednesday, saying the acquisition will be carried out once construction of the plant has been completed. The scheme is a partnership between EDF Renewables, Canada and the Blood Tribe, which will host the plant within its traditional territory in Cypress County. Following the transaction with DGPP, EDF Renewables will own 34.5%, while the Blood Tribe will hold 25%.

The 48-turbine Cypress wind farm will be developed, built and operated by EDF Renewables. Construction is scheduled to begin next year, while commercial operations are to be launched by 2021.

The project was selected in Alberta’s renewable energy tender launched in March 2018 and has in place a 20-year power purchase agreement (PPA) with the Alberta Electric System Operator (AESO).

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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