EDF EN Canada sells undivided interests on Quebec wind project

EDF EN Canada sells undivided interests on Quebec wind project

wind project in Quebec

EDF EN Canada divested 15% undivided interests in the 350 megawatt (MW) Riviere-du-Moulin Wind Project.
The interests have been acquired equally between the Regional County Muncipality (RCM) of Charlevoix and Fjord-du Saguenay (5%), the Innu of Mashteuiatsh and Essipit First Nations (5%), and the Huron Wendat  Nation (5%).
EDF EN Canada has decided to retain 42.5% share in the wind project, and agreeing to provide management services and some of the maintenance and remote monitoring.
The wind farm was commissioned in two phases, with a total investment of $800 million, and having employed 585 people (during the peak of construction).
The Riviere-du-Moulin Wind Project is the largest wind farm in Canada that exists under a single Power Purchase Agreement (PPA).
The Chief of the Innu of Essipit First Nation, Martin Dufour, and Vice-Chief for Pekuakamiulnuatsh First Nation, Stéphane Germain (who is representing Chief Gilbert Dominique), said, “This partnership demonstrates the commitment by EDF EN Canada and our community to ensure the development of our territory is undertaken with complete respect for the environment and is sensitive to our ancestral practices.”
Prefect of the MRC of Fijord-du-Saguenay, Gérald Savard said: “The RCM Fjord-du-Saguenay has supported the Rivière-du-Moulin wind project since the first steps of its development phase and we are very pleased to see that all of our efforts will create revenue from harnessing the power of our wind. These profits will be invested in the territory to put in place projects that will boost our economic development,”
Director of Generation for EDF EN Canada, Alex Couture commented: “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.”
You can read the EDF EN Press Release to learn more.

Posted By Sally on August 25, 2016 | 0 Comment

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