Date Closed

December 16, 2011

Lead Office

Montréal

Value

700.00 Million CAD

On December 16, 2011, Enbridge completed the purchase from EDF EN Canada of a 50% undivided interest in the 300 MW Lac Alfred wind project. The project, which will entail investments of approximately C$700 million by both co-owners, is located 400 kilometers north east of Québec City in Québec's Bas-Saint-Laurent region and will consist of 150 wind turbines supplied by Repower Systems SE. Construction is slated to take place in two phases: Phase 1, which began in June 2011, is expected to be completed in December 2012, while Phase 2 is expected to be completed in December 2013.

EDF EN Canada Development will lead and manage the construction phase under a fixed price, turnkey engineering, procurement and construction (EPC) agreement. EDF EN Canada's operation and maintenance affiliate, enXco Service Canada will provide long-term operations and maintenance (O&M) services to the project. Hydro-Québec will buy the power under a 20-year power purchase agreement (PPA) and construct the 30-kilometer transmission line to connect the project to the grid under an interconnection agreement.

Enbridge, headquartered in Calgary, Alberta, is a Canadian crude oil and liquids pipeline company. As a generator of energy, Enbridge has interests in close to 860 megawatts of renewable and green energy generating capacity and is expanding its interests in wind and solar energy, geothermal and hybrid fuel cells.

EDF EN Canada, headquartered in Toronto, Ontario, is a market leader in renewable energy development.

McCarthy Tétrault LLP represented Enbridge, with a team led by Marc Dorion.