EDF EN Canada Inc., an EDF Energies Nouvelles Company (EEN.PA), increased its majority ownership in Montréal-based wind power company Saint-Laurent Énergies Inc. to 70%.
EDF EN acquired additional shares held by Hydroméga Services Inc.
Saint-Laurent Énergies Inc. was formed in 2008 by EDF Energies Nouvelles, Hydroméga Services Inc. and RES Canada Inc. for the purpose of managing the development of five Québec based wind energy projects. The consortium won 954 megawatts (MW) in the 2007 Hydro-Québec RFP–nearly half of all megawatts awarded. The consortium’s Montréal based staff is now working to finalize development and prepare for 2012 construction activities.
The Power Purchase Agreements (PPA) with Hydro-Québec are 20-year contracts with start of project operations extending from 2012 to 2015.
With this change of ownership, Saint Laurent Énergies is now jointly owned by EDF EN Canada Inc. (70%) and RES Canada, Inc. (30%).
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