Montreal, QC, November 2, 2016 – ENERCON Canada Inc. (“ENERCON”) is pleased to announce the closing of a C$825.5 million non-recourse project financing for its 230 MW Niagara Region Wind Farm project located in the Ontario, Canada counties of Lincoln, West Lincoln, Wainfleet and Haldimand in the Niagara Peninsula.
The wind farm, which comprises 77 ENERCON E-101 3MW wind turbines and has a 20-year feed-in tariff contract with the Independent Electricity System Operator of the Province of Ontario, was commissioned on October 30, 2016. In addition to bringing clean energy to the province, the wind farm has created 700 jobs during project construction and will create another 25 direct long-term jobs during operations. The wind farm is owned by ENERCON and Six Nations of the Grand River Development Corporation. Boralex Inc. will acquire 25% of ENERCON’s interest in the project by December 31, 2016.
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