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Enbridge Buys Half Stake in Second Quebec Wind Farm

Dec 21, 2012
Source: 
(Reuters)

Enbridge Inc will buy a 50-percent stake in its second wind-power project in the province of Quebec from Electricite de France's Canadian renewable-energy unit for C$170 million ($172 million), the company said on Thursday.

Canada's No.2 pipeline company and the backer of the controversial C$6 billion Northern Gateway pipeline project, will take the half stake in EDF EN Canada's 150-megawatt Massif du Sud wind farm in Quebec's Chaudiere-Appalaches region, about 100 kilometers (62 miles) east of Quebec City.

Enbridge has been building its portfolio of renewable energy projects to supply power for its own needs and offset its carbon emissions. The company generates more than 1.2 megawatts of green power from wind, geothermal and solar plants in Canada and the United States.