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EDF EN Canada divests 50% stake in Quebec wind project

CTBR Staff Writer Published 09 June 2016

EDF EN Canada has sold a 50% stake in the 74MW Mont Rothery wind project in Quebec to MD1 Wind LP.

EDF

MD1 Wind LP is a limited partnership formed by four affiliated entities of the Desjardins Group, including Desjardins Group Pension Plan and Manulife Financial Corporation.

Located on public lands in the MRC of Haute-Gaspésie and MRC of Côte-de-Gaspé, the wind farm features 37 2MW turbines supplied by Senvion.

The project started reached commercial operation in December 2015 with electricity generated delivered to Hydro-Quebec Distribution under a 20-year power purchase agreement.

EDF EN Canada will offer management services and EDF Renewable Services will deliver a portion of the existing operations and maintenance services as well as 24/7 remote monitoring.

EDF EN Canada portfolio strategy vice president Raphael Declercq said: "EDF EN Canada is proud to partner again with very selective infrastructure investors such as Desjardins and Manulife.

"The team of EDF EN Canada is excited to bring their expertise as developer, asset manager and operator to this co-ownership."

Manulife senior managing director for project finance William Sutherland said: "Mont Rothery is the second wind project investment in Quebec that Manulife has partnered with Desjardins and EDF EN Canada."

Headquartered in Toronto and Montreal, EDF EN Canada hs over 1,600MW of wind and solar power facilities in service or under development.


Image: Mont-Rothery wind farm in Quebec, Canada. Photo: Courtesy of Business Wire.