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

A subsidiary of Quebec-based developer Eolectric has made an unspecified financial investment in Enerfin Energy Co. of Canada's 100 MW L'Erable Wind Farm.

According to the participants, Enerfin will remain the majority stakeholder and operator of the wind farm. The investment is subject to obtaining approvals from the relevant authorities, including Hydro-Quebec and the lenders involved in the project financing.

The L'Erable Wind Farm, located within the municipalities of Saint-Ferdinand, Sainte-Sophie-d'Halifax and Saint-Pierre-Baptise, is powered by 50 Enercon E-82 machines.

The wind farm holds a 20-year electricity supply agreement with Hydro-Quebec Distribution. Representing a total investment of approximately C$400 million, the project will generate expected annual benefits of C$1.3 million for the region during its operational phase.

According to Eolectric, its Eolectric Club LP unit invests in wind farm projects throughout Canada with investors such as Eolectric Inc., Industrial Alliance Insurance and Financial Services Inc., and Fiera Axium Infrastructure Canada II, Ltd. Partnership.

Previously, Eolectric Club invested in the 101.05 MW Vents du Kempt Wind Power project located in Quebec’s La Matapedia region.

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015