in News Departments > New & Noteworthy
print the content item

Enbridge Income Fund has agreed to acquire Enbridge Inc.'s interests in three wind power projects in western Canada for $42 million plus post-closing purchase price agreements - the SunBridge project at Gull Lake, Saskatchewan (50% interest), and Magrath and Chin Chute projects in Alberta (33.3% interest each).

The three projects will collectively have the capacity to generate 71 MW of power, the company says. They are an attractive investment because of the long-term power purchase agreements that are expected to provide a stable cash flow to the fund.

"The acquisition is an excellent fit for Enbridge Income Fund," says Jim Schultz, Enbridge Management Services Inc.'s president, "and is a first step in initiating the acquisition-based component of the fund's growth strategy to acquire energy infrastructure assets."


Helukabel_id1908
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

Acciona_id1907
UEA_id1896
JLG_id1900
WomenofWind_id
AWEA_id1886
bonfiglioli_id1913