Bloomberg News

Enbridge Agrees to Buy 50% of Quebec Wind Farm

December 20, 2012

Enbridge Inc. (ENB), Canada’s largest oil- pipeline operator, agreed to buy a 50 percent stake in an EDF EN Canada Inc. Quebec wind farm for C$170 million ($172 million.)

The Massif du Sud project, consisting of 75 turbines, is expected to be completed by the end of this month and will generate enough power for 35,000 homes, Calgary-based Enbridge said in a statement today.

This is Enbridge’s second time to partner with EDF EN Canada, a subsidiary of Paris-based EDF Energies Nouvelles SA, on a wind farm in Quebec. Enbridge aims to generate a kilowatt of renewable energy for every kilowatt of conventional energy its operations consume, according to the statement.

The projects “demonstrates Enbridge’s interest in investing in renewable infrastructure across Canada,” Don Thomspson, vice president for green energy, said in the statement.

Hydro-Quebec will buy power from the wind farm under a 20- year agreement. EDF En Canada’s EDF Renewable Services Canada Inc. unit will provide for operations and maintenance.

REpower Systems SE, the German unit of Pune, India-based Suzlon Energy Ltd. (SUEL), supplied the project’s turbines. Suzlon, India’s largest turbine maker, is expanding in Canada as the country promotes wind power to drive its economy and provide jobs.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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