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Enbridge Inc
Symbol C : ENB
Shares Issued 799,855,473
Close 2012-12-19 C$ 42.55
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Enbridge to buy Massif du Sud interest for $170-million

2012-12-20 02:52 ET - News Release

Mr. Don Thompson of Green Energy reports

EDF EN CANADA INC. AND ENBRIDGE PARTNER IN THE 150-MW MASSIF DU SUD WIND PROJECT IN QUEBEC

Enbridge Inc. and EDF EN Canada Inc. have entered into an agreement under which Enbridge will invest approximately $170-million to acquire a 50-per-cent interest in the 150-megawatt Massif du Sud wind project in Quebec.

"Massif du Sud is Enbridge's second wind project in Quebec following our co-investment with EDF EN Canada in the 300-megawatt Lac Alfred project," said Don Thompson, vice-president, Green Energy. "The government of Quebec's continuing support of renewable energy generation with a wind capacity target of 4,000 megawatts by 2015, combined with our successful partnership with EDF EN Canada, is an attractive combination for Enbridge.

"The project also demonstrates Enbridge's interest in investing in renewable infrastructure across Canada," Mr. Thompson added. "We're pleased to again partner with EDF EN Canada Inc. on the Massif du Sud wind project."

"The partnership we initiated last year with Enbridge on the Lac Alfred project has proven to be very successful, and we are pleased to once again engage in a co-ownership relationship with Enbridge," said Tristan Grimbert, president and chief executive officer of EDF EN North America. "As an integrated operator, we take a balanced approached to our project portfolio, and this agreement provides an opportunity to further our ambition as a world-class renewable project developer. The mutual confidence and collaboration between our two companies demonstrates solid business practices and secures a strong Quebec and Canadian presence."

The project, located in the municipalities of Saint-Luc-de-Bellechasse and Saint-Magloire in the MRC des Etchemins and in the municipalities of Notre-Dame-Auxiliatrice-de-Buckland and Saint-Philemon in the MRC de Bellechasse, consists of 75 wind turbines supplied by REpower made with regionally manufactured blades, towers and converters in accordance with the power purchase agreement with Hydro-Quebec. Construction began in November, 2011, and is expected to be completed in December, 2012. When fully operational, the project will generate enough clean electricity to meet the needs of about 35,000 homes. EDF EN Canada's operation and maintenance affiliate, EDF Renewable Services Canada Inc., will provide long-term operations and maintenance services. Hydro-Quebec will buy the power under a 20-year power purchase agreement. Massif du Sud will also contribute to helping Enbridge meet its neutral footprint commitment to generate a kilowatt of renewable energy for every kilowatt of conventional electricity that the company's operations consume.

                 MASSIF DU SUD WIND PROJECT AT A GLANCE

Location                      Chaudiere-Appalaches region (100 kilometres   
                              east of Quebec City)                          
Capacity peak                 150 MW                                        
Expected annual yield         500,000 MWh                                   
Equivalent homes served       About 35,000                                  
Technology (turbines)         75 REpower turbines                           
Construction                  Began November, 2011/expected completion      
                              December, 2012                                 
Energy purchaser              Hydro-Quebec Distribution (under a 20-year    
                              PPA)                                          
Interconnection               Hydro-Quebec TransEnergy                      
Estimated peak work force     More than 250 jobs during peak construction;  
                              up to 10 local, full-time operational jobs    

About EDF EN Canada

EDF EN Canada, an EDF Energies Nouvelles company, is a market leader in renewable energy development, with an integrated approach that covers every aspect of project origination and implementation through to electricity generation, operations and maintenance. The company offers financial strength, technical innovation and an unmatched commitment to customer service. EDF EN Canada draws on the market leadership of EDF Renewable Energy, formerly enXco, EDF EN's American affiliate. EDF Energies Nouvelles is a subsidiary of the EDF group.

About EDF Renewable Services Canada

EDF Renewable Services -- formerly enXco Service -- is the leading third party provider of operations and maintenance services in North America. With 25 years of experience, EDF Renewable Services understands renewable energy facilities represent a substantial investment. The company takes an owner-operator approach to ensure maximum returns on the asset, full-project value, and continuing profitability for new and existing facilities. As part of a global organization with utility-scale wind and solar plants, the company brings depth of experience to every project. With more than six gigawatts of wind and solar under contract, EDF Renewable Services is the trusted leader in O&M.

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