ABB_id2059
in News Departments > Projects & Contracts
print the content item

EDP Renewables (EDPR) has executed a project finance structure agreement for its first wind farm in Canada. The 30 MW South Branch project, located in Ontario, has secured a 20-year feed-in tariff awarded by the Ontario Power Authority.

The long-term contracted debt facility amounts to C$49 million, and the funding is expected to occur during the first quarter of this year. EDPR says its financing strategy is to contract long-term debt in local currency at competitive prices in order to mitigate the refinancing risk and to reduce the foreign exchange risk by having a natural hedge between revenues and costs.

With the successful execution of its first wind project in Canada, EDPR says its portfolio includes projects in 11 markets around the world, with the other 10 being the U.S., Spain, Portugal, France, Belgium, Poland, Romania, the U.K., Italy and Brazil.


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015