EDF EN Canada Sells a 50% Stake in the Mont Rothery Wind Project

EDF EN Canada, a subsidiary of EDF Energies Nouvelles Group, has announced that it has closed the sale of a 50% interest in the 74 MW Mont Rothery wind farm to MD1 WIND LP, a limited partnership formed by a consortium of four affiliated entities of the Desjardins Group, including Desjardins Group Pension Plan, and Manulife Financial Corporation.

74 MW Mont Rothery wind farm, situated on public lands in the MRC of Haute-Gaspésie and MRC of Côte-de-Gaspé, is comprised of 37 Senvion wind generating turbines each with a 2 MW capacity.

The project reached commercial operation on December 1, 2015. Electricity generated by the project is delivered to Hydro-Quebec Distribution under a 20-year Power Purchase Agreement.

EDF EN Canada will remain involved in the project as a 50% co-owner and will continue to provide a portion of the current operations and maintenance services.

Raphael Declercq, Vice President of Portfolio Strategy at EDF EN Canada, commented:

“EDF EN Canada is proud to partner again with very selective infrastructure investors such as Desjardins and ManulifeThe team of EDF EN Canada is excited to bring their expertise as developer, asset manager and operator to this co-ownership.”

Sylvain Gareau, Vice President at Desjardins Group Pension, added:

“Desjardins Group is happy to continue the long term relationship established over the years with partners such as EDF EN and Manulife, with compatible objectives and values, and hope to extend this partnership in the future."