Date Closed

March 31, 2010

Lead Office

Toronto

Value

275.00 Million CAD

On March 31, 2010, Enbridge Inc. and Renewable Energy Systems Canada Inc. (RES Canada), an affiliate of RES Americas, entered into an agreement to construct and own a 99-megawatt (MW) wind energy project on the northern shore of Lake Superior, in Ontario, in which Enbridge has a majority interest. The project - called the Greenwich Wind Energy Project - is a limited partnership that is jointly owned by Enbridge and RES Canada. RES Canada constructed the project under contract to the partnership. Investment in the project by both parties was approximately C$275 million.

The Greenwich Wind Energy Project, reached substantial completion in late 2011 and produces enough clean wind energy to power 33,000 average Canadian homes. It comprises 43 Siemens SWT-2.3-101 MW wind turbines and, under the terms of the agreement, was constructed by RES Canada under a fixed price, turnkey, engineering, procurement and construction agreement. Siemens provided operations and maintenance services for the wind turbines under a five-year, fixed-price agreement. The project delivers energy to the Ontario Power Authority under a Renewable Energy Supply (RES) III 20-year power purchase agreement.

McCarthy Tétrault LLP represented Enbridge.