CDPQ Provides Funding for Quebec Wind Farm

Posted on 07/27/2016


Caisse de dépôt et placement du Québec (CDPQ) is funding the New Richmond wind farm in Gaspésie, operated by TransAlta Renewables Inc. CDPQ is providing US$ 59.5 million in term loan financing for the wind firm which has a capacity of 67.8 megawatts generated by 33 wind turbines. In operation since March 2013, the wind farm is located in three different municipalities on the Gaspésie Peninsula—New Richmond, Saint-Alphonse, and Caplan. The energy output is sold to Hydro-Québec under a 20-year power purchase agreement.

Keywords: TransAlta Corporation, Caisse de depot et placement du Quebec, Hydro Quebec.

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