Enbridge Income Fund to Acquire Wind Power Assets

Calgary, Alberta [RenewableEnergyAccess.com] The Enbridge Income Fund and Enbridge Inc. announced that the Fund will acquire Enbridge’s interests in three wind power projects in Western Canada for approximately $42 million. The three wind power projects will collectively have the capacity to generate 71 megawatts (MW) of power. The Fund will purchase Enbridge’s 50% interest in the SunBridge project at Gull Lake, Saskatchewan (17 wind turbines generating 11 MW, operating since 2002); and in southeast Alberta, the fund will purchase Enbridge’s 33.3% interest in the Magrath (20 turbines generating 30 MW, operating since 2004) and Chin Chute projects (20 turbines capable of generating 30 MW, expected to begin operations this fall). The acquisition is expected to close by early October.
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