Date Closed

November 19, 2009

Lead Office

Toronto

Value

285.00 Million CAD

On November 19, 2009, Enbridge Inc. and Renewable Energy Systems Canada Inc. (RES Canada) an affiliate of RES Americas, entered into an agreement to develop a 99 megawatt (MW) wind energy project near Chatham, Ontario in which Enbridge will have a majority interest. The total investment in the project by both parties is approximately C$285 million. The Project was structured as a limited partnership owned by Enbridge and RES Canada.

The Talbot Wind Energy Project was completed in December 2010 and produces enough clean wind energy to power 33,000 average Canadian homes. It utilizes 43 Siemens 2.3 MW wind turbines and, under the terms of the agreement, was constructed by RES Canada under a fixed price, turnkey, engineering, procurement and construction agreement. Siemens provided operations and maintenance services for the wind turbines under a five year, fixed price agreement. The Talbot Wind Energy Project delivers energy to the Ontario Power Authority under a Renewable Energy Supply (RES) III 20-year power purchase agreement.

McCarthy Tétrault LLP represented Enbridge.