116 MW Wind Power PPA Awarded in Quebec

The power will be divided between two new wind farms planned for development. Sixty-six MW will come from the New Richmond wind project, which will consist of 33 2-MW, E82 Enercon wind turbines that will generate an estimated 178,700 MWh per year of renewable power and has an anticipated capital cost of CAN $190 million.

The remaining 55 MW will be generated by the St. Valentin wind project, which will consist of 25 2-MW E82 Enercon wind turbines that will generate an estimated 143,900 MWh per year of renewable power. The anticipated capital cost of this project is CAN $160 million.

Both projects are expected to come online in December 2012.

TCI Renewables is the developer of the projects and will be the public interface for permits and approvals. Canadian Hydro will build and operate them.

As part of the PPA award for New Richmond, Canadian Hydro has agreed with HQD not to proceed with the up to 70 MW expansion of Le Nordais Wind Plant. Due to transmission line congestion in the Gaspé Peninsula, Canadian Hydro was given the choice by HQD to either accept the PPA for New Richmond or continue on with the potential expansion at Le Nordais. Based on analysis, Canadian Hydro determined it was most prudent to proceed with New Richmond, which also provides further diversification to Canadian Hydro's wind asset portfolio in Quebec.