Quebec approves wind energy project

Innergex Renewable Energy Inc. said Tuesday that it now has regulatory approval for the 20-year power purchase agreement regarding its Viger-Denonville community wind farm project.

Hydro-Québec awarded the agreement to Quebec-based Innergex in December 2010. The Régie de l’énergie approved it.

“This marks yet another milestone for the Viger-Denonville project, which we are very proud to be developing in partnership with the Rivière-du-Loup RCM (regional municipality),” Michel Letellier, company president and CEO said in a statement.

The 50-50 joint venture will have an installed capacity of 24.6 megawatts and will see 12 wind turbines in the municipalities of Saint-Paul-de-la-Croix and Saint-Épiphane.

Construction will begin in the spring of 2013 with a budget of $75 million.

The joint venture is expected to begin operation in December 2013 and to generate annual revenues of about $10 million.

Innergex is a developer, owner, and operator of run-of-river hydroelectric facilities and wind energy projects in North America, and a developer of solar photovoltaic installations. It has interests in 23 operating facilities with an aggregate net installed capacity of 400.5 MW.