Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Canada

Canada

EDF EN sells further stake in Canada site

CANADA: EDF Energies Nouvelles (EDF EN) has sold a 15% stake in its 350MW Riviére-du-Moulin wind farm to a trio of local community groups.

EDF-EN's 350MW Riviére-du-Moulin project was completed at the end of 2015
EDF-EN's 350MW Riviére-du-Moulin project was completed at the end of 2015

EDF-EN retains a 42.5% ownership of the project, which comprises 175 Senvion 2MW turbines and was completed in 2015.

The 15% was acquired by three groups with equal shares. Firstly, the regional county municipalities of Charlevoix and Fjord-du Saguenay — the location of the wind project in southeast Canada — have acquired a 5% stake.

The remaining 10% was sold to local First Nation indigenous groups; Innu of Mashteuiatsh and Essipit First Nations (5%) and the Huron Wendat Nation (5%).

"EDF-EN Canada is very proud of the relationships developed with the host communities of Rivière-du-Moulin. This transaction demonstrates the importance we place on developing infrastructure projects in accordance with the community needs," said EDF-EN Canada's director of generation Alex Couture.

In November 2015, EDF-EN sold a 42.5% stake to the DIM Wind consortium, comprising Canadian credit union Desjardins Group, and insurance firms Manulife Financial Corporation and the iA Financial group.

Government-owned utility Hydro-Quebec agreed to buy all the power from the project in a 20-year power purchase deal.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs