GDF Suez completes Caribou and East Lake St. Clair projects
January 01, 2012
On December 17, 2009, GDF Suez Canada Inc. announced it had completed construction and achieved commercial operation at Caribou Wind Park, located 70 kilometers northwest of Bathurst, New Brunswick and the East Lake St. Clair wind project located in Chatham-Kent Ontario. The 99 MW Caribou wind project is the largest wind operation in the New Brunswick, and provides all of its power to New Brunswick Power as part of a 20-year power purchase agreement with the utility. The East Lake St. Clair project is comprised of 55 Vestas V90 wind turbines for a total capacity of 99MW. The acquisitions of the projects were financed by a syndicate of lenders investing in GDF's IPC Portfolio-Vert 2.
GDF SUEZ Canada Inc. is part of GDF SUEZ Energy North America, Inc., which manages a range of energy businesses in the United States, Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, asset-based trading and origination, and retail energy sales and related services to commercial and industrial customers.
McCarthy Tétrault LLP advised Manulife Financial and the other lenders for the projects with a team led by Stephen Furlan