Enbridge paying $282 million to join large-scale French offshore wind project
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 10/05/2016 (3820 days ago), so information in it may no longer be current.
CALGARY – Enbridge Inc. (TSX:ENB) says it will pay $282 million to participate in the development of three large-scale wind farms off the coast of France.
The Calgary-based company will acquire 50 per cent ownership of Eolien Maritime France SAS, which is building a total of 1,428 megawatts of generating capacity.
The other half of the wind farms will be owned by EDF Energies Nouvelles, a subsidiary of Paris-based Electricite de France SA.
Each of the three wind projects has been awarded a 20-year power purchase agreement with Electricite de France.
Enbridge is mostly known as a pipeline company but it’s also co-owner of four operating onshore wind projects in North America in partnership with EDF Energies Nouvelles and has a minority stake in a 400 MW project off the coast of England.
The latest deal between Enbridge and EDF is expected to close on May 19.