Enbridge to acquire 50% in EDF EN's 150-MW Canada wind project

Dec 20, 2012 - Canadian energy supplier Enbridge Inc (TSE:ENB) has agreed to take a 50% stake in the 150-MW Massif du Sud wind project of EDF EN Canada in Quebec for some CAD 170 million (USD 171.9m/EUR 130.1m), the two companies said in a joint statement today.

EDF EN Canada, which is part of French utility EDF's (EPA:EDF) unit EDF Energies Nouvelles (EDF EN), commenced the construction of the wind farm in November 2011 and expects to complete it in December. The facility includes 75 turbines by German wind turbine maker REpower with locally-made blades, towers and converters. When operational, it will produce some 500,000 kWh of power, enough to supply some 35,000 households a year, according to the statement. Local utility Hydro-Quebec will buy the output of the wind farm under a 20-year power purchase agreement (PPA).

The project is Enbridge's second one in Quebec, after its joint 300-MW Lal Alfred wind project with EDF EN Canada, Don Thompson, vice president of Enbridge's Green Energy division, said.

(CAD 1 = USD 1.011/EUR 0.765)

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