Agreement on the ownership transfer was reached with Hydroméga in October 2009, subject to administrative condition precedents, that are now fulfilled.
“EDF EN Canada Inc. is pleased to acquire an increased share in Saint-Laurent Énergies Inc. and looks forward to continuing to work with all of our stakeholders involved with this world class project”
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 power projects.
The consortium won 954 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%).
“EDF EN Canada Inc. is pleased to acquire an increased share in Saint-Laurent Énergies Inc. and looks forward to continuing to work with all of our stakeholders involved with this world class project,” said Al Kurzenhauser, Vice President of EDF EN Canada Inc.
With operations in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production. With a development focused on wind energy for several years and more recently on solar photovoltaic, the Group is also present in other segments of the renewable energies market: small hydro, marine energy, biomass, biofuel and biogas. In addition, the Group is expanding in the distributed renewable energies sector.
EDF Energies Nouvelles, 50 %-owned by the EDF Group, is listed in Euronext Paris since November 2006 (code "EEN", ISIN code: FR0010400143).