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Gaspe Peninsula 100 MW go-ahead
1 May 1998
An order has now been placed for all 133 wind turbines destined for the Gaspe Peninsula 100 MW project in Quebec, reports the technology supplier, Danish NEG Micon. The order is subject to securing senior debt, to be provided by a syndicate of local lenders arranged by Mutual Life of Canada. The wind farm, one of the largest wind projects ever, is being developed by a joint venture previously known as Energie Le Nordais (ELN). ELN structure has changed to a 50-50 partnership of the Axor Group Inc, a major Montreal engineering and construction company, and M&N Wind Power Inc, owned by NEG Micon and Nichimen Ltd of Japan. The joint venture companies were last month inaccurately identified in the story entitled "Gaspe moves on" (Windpower Monthly, April 1998). All the turbines will be NEG Micon's 750 kW model, 76 of which will be delivered this year, with the remaining 57 being shipped in 1999. The order is worth about C$130 million. The companies behind the joint venture are guaranteeing the equity for the project.
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