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Enbridge, EDF Energies buy $600-million Alberta wind project from Greengate

April 8, 20137:09 AM BOE Report Staff

wind powerBy The Canadian Press

TORONTO – Enbridge Inc. (TSX:ENB.TO ) and a subsidiary of EDF Energies Nouvelles have teamed up to buy the Blackspring Ridge wind project in Alberta on a 50-50 basis.

The project was acquired from Greengate Power Corp., which says Blackspring Ridge represents a $600-million investment in wind energy.

Financial details of the transaction weren’t disclosed in Monday’s announcement.

When completed, it will have 166 turbines — making it the biggest wind power project in Western Canada, according to the companies.

It will be built by EDF EN Canada, with construction to begin this quarter and commissioning to begin in mid-2014.

A Danish company, Vestas Wind Systems A/S, says it will provide the 166 wind generators as well as service and maintenance under a 20-year contract.

Enbridge

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