Major pension manager finances alternative energy project

Major pension manager finances alternative energy project

Major pension manager finances alternative energy project Caisse de dépôt et de placement du Québec (CPDQ) has provided a a $90-million term-loan financing for the construction of the Mont Sainte-Marguerite wind farm project in the Chaudière-Appalaches region.

Developed by Pattern Energy Group through a partnership with the municipalities of Sacré-Coeur-de-Jésus, Saint-Sylvestre and Saint-Séverin, the project includes the development and operation of a wind farm with 46 wind turbines. The operational farm will have a capacity of 147 megawatts, equivalent to the consumption of over 25,000 households in Quebec. Hydro-Quebec will buy the power generated under a 25-year agreement with the developers.

“In addition to contributing to the development of clean and renewable energy, the Mont Sainte-Marguerite wind power project will have a positive impact on the regional economy,” said Marc Cormier, executive vice president for fixed income at CPDQ.

CPDQ has provided financing for four other wind farm projects in Quebec: Parc des Moulins (Chaudières-Appalaches), Vents du Kempt (Bas-Saint-Laurent), the construction of the Parcs éoliens de la Seigneurie de Beaupré (Capitale-Nationale) and the New Richmond wind farm (Gaspésie). The fund also has interests in other wind farms in the US and the UK.


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