Publications

Energy - MAY 5, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Innergex, Desjardins pension acquire French wind deal

by Jody Barhanovich

Innergex Renewable Energy and Desjardins Group Pension Plan have finalized an agreement with French-based Velocita Energy Developments, an affiliate of Riverstone Holdings, to purchase three wind projects in France.

The three wind farms are located in the Bourgogne-Franche-Comté region of France and consist of 43 GE wind turbines, each with a gross capacity of 2.78 megawatts that will be operated by the wind turbine manufacturer under an 18-year operation and maintenance contract. The aggregated installed capacity will be 119.5 megawatts and the average annual power generation is expected to reach 278,200 megawatts/hour at commercial operation, enough to power about 58,400 French households.

As of today, 81 percent of total megawatts have already reached mechanical completion and the remaining turbines are in the late stage of construction with full commissioning expected in phases until the end of the year.

Innergex will have a 69.55 percent interest in the wi

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy