Enbridge, EDF Buy $600M Alberta Wind Farm From Greengate

Law360, New York (April 8, 2013, 3:26 PM EDT) -- Enbridge Inc. and the Canadian alternative energy subsidiary of Electricite de France SA have formed a 50-50 joint venture to buy a $600 million, 300-megawatt wind farm development in Alberta from Greengate Power Corp., the companies said Monday.

Enbridge and EDF EN Canada Inc. will acquire the Blackspring Ridge project, the most lucrative wind farm development in Alberta. Greengate has agreed to provide development services to Enbridge and EDF EN Canada during construction, which will start later this quarter, it said.

The deal is expected to...
To view the full article, register now.