EDF EN Canada Inc., a subsidiary of EDF Energies Nouvelles Group, announced today that Fiera Axium Infrastructure Canada II L.P. and Régime de rentes du Mouvement Desjardins along with entities of Desjardins Group have closed on an agreement to acquire a 30% interest in the Saint-Robert-Bellarmin Wind Project.
Located in the municipality of Saint-Robert-Bellarmin, Quebec and the MRC of Granit, the 80 megawatt (MW) project comprises 40 Senvion 2 MW turbines and was developed by EDF EN Canada. The project reached commercial operations in October 2012. Electricity generated by the project is delivered to Hydro-Quebec Distribution under a 20-year Power Purchase Agreement.
Enbridge Inc. and EDF EN Canada partnered in July 2013 to become joint owners of the project. Following the acquisition by Fiera Axium and Régime de rentes du Mouvement Desjardins along with entities of Desjardins Group, EDF EN Canada maintains a 20% ownership position, with the remaining 50% ownership position held by Enbridge. EDF EN Canada will provide management services to the Project, and EDF Renewable Services will continue to provide operations and maintenance services.
Saint-Robert-Bellarmin is one of seven wind energy projects awarded to EDF EN Canada in 2008 and 2010 through Hydro-Quebec call for tenders. By the end of 2015, EDF EN Canada will have placed into service 1.374 MW of wind and solar projects in the country.
ABOUT EDF EN CANADA INC.:
EDF EN Canada, a subsidiary of EDF Energies Nouvelles, is a market leader in renewable energy, with more than 1,300 MW of wind and solar power facilities in service or under construction. Headquartered in Toronto, with offices in Montreal, EDF EN Canada employs an integrated approach to project development covering all aspects from conception to commissioning through to generation and long term operations. The subsidiary offers financial strength, technological innovation and an emphasis on service. EDF EN Canada draws on the market expertise of EDF Renewable Energy, EDF Energies Nouvelles’ U.S. subsidiary.