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."


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008