On December 1, 2014, Enbridge Inc. purchased additional ownership stakes in two Québec wind projects from existing partner, EDF EN Canada Inc. Enbridge acquired an additional 17.5 per cent stake in the 300 MW Lac Alfred Wind Project and an additional 30 per cent stake in the 150 MW Massif du Sud Wind Project.
Enbridge Inc. and EDF EN Canada became co-owners of the Lac Alfred project in December 2011 and expanded their partnership in December 2012 with the purchase of 50 per cent of Massif du Sud. On completion of the investment, Enbridge will hold a 67.5 per cent interest in Lac Alfred and a 80 per cent interest in Massif du Sud.
EDF EN Canada maintains a 20 per cent ownership position in both facilities. The remaining 12.5 per cent interest of the Lac Alfred Wind Project was acquired by the MRCs of La Matapédia and La Mitis in September 2014.
EDF EN Canada and its affiliates were represented by Julie Chabot, Head of Legal, Québec, with the assistance from Stikeman Elliott LLP with a team comprising Maxime Turcotte, Maxime Jacquin, Daniel Khazzam, Pierre Fournier-Simard and Dominique Rolland (corporate); Jean-Guillaume Shooner (tax). Dentons Canada LLP also represented EDF EN Canada with a team including Mylany David and Charles Côté-Lépine (real estate and regulatory).