wind

Elecnor debuts in Canadian wind market with €260 million facility

Elecnor, through its Enerfín wind energy unit, has brought the L’Érable wind farm in Quebec (Canada) on stream after completing 100 percent of the infrastructure. 
Elecnor debuts in Canadian wind market with €260 million facility

The €260 million project is the company's first in Canada.

Located between Montreal and Quebec, the wind farm has 100 MW of capacity through 50 wind turbine generators of 2 MW each.

In announcing the completion of the project, Enercon touted its state-of-the-art technology, which it said increases the efficiency and useful life of the facilities, while reducing the environmental impact.

The farm will power some 30,000 households and prevent the emission of 75,000 tonnes of CO2 a year, Elecnor said.

The L‘Érable project was awarded by Hydro PPA Québec, a public energy generation and transmission company, with which it has signed a 20-year PPA. Enerfín is in charge of overall operation of the farm and maintenance of the wind turbine generators, while Hydro Québec will oversee distribution of the power produced.

Funding for L'Érable was completed in May last year through a syndicated loan subscribed in full by Canadian banks.

Early this year, the Euromoney Group’s Project Finance Magazine gave the L’Érable’s wind farm financing project the “North American Wind Deal of the Year” award. This international award recognises, inter alia, this project's innovation, best practices, risk mitigation and value for money.

With the start-up of this new wind farm, Elecnor has expanded its operations in Canada and in North America in general.

The company recently acquired Hawkeye, an infrastructure company, to bolster its presence in the US, where it already has the Elecnor Inc. and Elecnor Belco subsidiaries.

Elecnor Belco operates on the US West Coast, where it recently completed construction of a 20 MW PV solar farm, its first in the market.

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