Pattern Energy and PSP Investments have acquired the 147MW Mont Sainte-Marguerite wind farm, which lies about 50km south of Quebec, in Canada’s Chaudière-Appalaches region.
The project, which features 46 Siemens Gamesa 3.2MW turbines, is fully operational and has a 25-year power-purchase agreement with Hydro-Quebec Distribution.
Pattern Energy paid about US$40m (€35m) for a 51% interest in the project while PSP Investments acquired the remaining 49%.
Pattern Energy will operate the facility.
PSP managing director and head of infrastructure investments Patrick Samson said: “Mont Sainte-Marguerite Wind is an ideal investment from any angle, including everything from its long-term potential, to its locally sourced construction and positive local impact…”
Pattern Energy chief executive Mike Garland added: “This is our first wind power facility in Quebec and our third project under the joint venture agreement with PSP Investments, underscoring the strategic value of our partnership.”
Image: Pattern
Pattern, PSP bag Canada wind
By EBS