EDF Renewables Closes on Transaction with Enbridge to Acquire Additional Stake in Lac-Alfred Wind

MONTREAL, Quebec (Oct 31, 2014) : EDF Renewables Inc., a subsidiary of EDF Energies Nouvelles, today closed on an agreement with Enbridge Inc. (TSX: ENB) (NYSE: ENB) whereby Enbridge Inc. will acquire an additional 17.5 percent stake in the 300 megawatt (MW) Lac-Alfred Wind Project.

EDF Renewables and Enbridge became co-owners of the Lac-Alfred project in November 2011. With this additional investment, Enbridge now holds 67.5 percent interest in Lac-Alfred while EDF Renewables maintains a 20 percent ownership position. The remaining 12.5 percent interest of the Lac-Alfred Wind Project was acquired by the MRCs of La Matapédia and La Mitis in September 2014.

EDF Renewables will continue to provide management services and EDF Renewable Services will continue to provide long-term operations and maintenance services.

Located in the municipalities of Saint-Cléophas, Sainte-Irène, Saint-Zénon-du-Lac-Humqui and the unorganized territory (UT) of Lac-Alfred in the MRC of La Matapédia and in the municipality of La Rédemption and UT Lac-à-la-Croix in the MRC of La Mitis, the project comprises 150 wind turbines supplied by Senvion. Construction of Lac-Alfred commenced in June 2011 and reached commercial operation in two phases: Phase 1 (150 MW) in January, 2013; and Phase 2 (150 MW) in August, 2013. Electricity generated is delivered to Hydro-Quebec Distribution under a 20-year Power Purchase Agreement.

Lac-Alfred is one of seven wind energy projects awarded to EDF Renewables in 2008 and 2010 through Hydro-Quebec Distribution call for tenders. It also represents the third project developed by EDF Renewables to be held in partnership with a MRC, the other two wind projects being La Mitis (24.6 MW) and Le Granit (24.6 MW). By the end of 2015, EDF Renewables will have placed into service 1,374 MW of wind and solar projects in Canada.

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