EDF sells minority stake in 350-MW wind farm in Quebec

EDF EN Canada Inc. on Aug. 23 announced the closing of the transaction by which it divested 15% undivided interests in the 350-MW Riviere-du-Moulin Wind Project in Quebec.

The interests were acquired by the Regional County Municipality (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 maintains a 42.5% ownership position in the project and provides management services. EDF Renewable Services will continue to provide a portion of the operations and maintenance service as well as 24/7 remote monitoring from its Operations Control Center (OCC).

Located in the unorganized territory (UT) of Lac-Pikauba in the RCM of Charlevoix and the UT of Lac-Ministuk in the RCM of Fjord-du-Saguenay, the wind project achieved commissioning in two phases: 150 MW in November 2014; and 200 MW in November 2015.

Konrad Sioui, Chief of the Huron-Wendat First Nation, commented: “We are very happy with this historic agreement signed between our Nation and EDF EN Canada. This agreement fits perfectly with the Huron-Wendat Council vision to partner in major economic development projects located in our territory. This partnership is in accordance with our traditions and customs and will provide significant benefits for the development and well-being of the Huron-Wendat Nation family.”

“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,” commented Alex Couture, Director of Generation for EDF EN Canada.

The Riviere-du-Moulin Wind Project represents the largest wind energy facility in Canada under a single Power Purchase Agreement and the largest of eight wind energy projects awarded to EDF EN Canada in 2008, 2010 and 2013 through Hydro-Quebec Distribution call for tenders. The project further represents the largest onshore wind facility to be developed, built and put into service by the EDF EN Group globally.

EDF EN Canada, a subsidiary of EDF Energies Nouvelles, is a market leader in renewable energy, with 1,600 MW of wind and solar power facilities in service or under construction. Headquartered in Toronto and Montreal, EDF EN Canada employs an integrated approach to project development covering all aspects from conception to commissioning through to generation and long-term operations.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.