EDF EN Canada Inc. and Enbridge Acquire 300 MW Blackspring Ridge Wind Project

Mon Apr 8, 2013 3:00am EDT

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Largest wind project development in Western Canada
TORONTO & CALGARY, Alberta--(Business Wire)--
EDF EN Canada Inc., a subsidiary of EDF Energies Nouvelles, and Enbridge Inc.
(TSX:ENB) (NYSE:ENB) announced today they have jointly signed a purchase
agreement with Greengate Power Corporation to acquire the 300 megawatt (MW)
Blackspring Ridge Wind Project. Located in Vulcan County, Alberta (50 km north
of Lethbridge), Blackspring Ridge will be the largest wind project in Western
Canada when operational. EDF EN Canada and Enbridge will each own 50 percent of
the project. The project represents the largest investment in wind energy in the
province at approximately $0.6 billion. 

The project, currently in late stage development, will be comprised of 166
Vestas V100-1.8 MW wind turbines. EDF EN Canada will build the project under a
fixed price engineering, procurement and construction contract with construction
expected to start in the second quarter of 2013 and reach commissioning in
mid-summer 2014. 

"The Canadian renewable energy market is a strong focus for EDF EN, having a
significant presence in Ontario and Quebec since 2007. The Blackspring Ridge
project presents a unique opportunity to establish EDF EN Canada in Western
Canada and specifically in Alberta - a province with a promising electricity
market," said Cory Basil, Vice President, Development at EDF EN Canada.
"Securing this project builds upon our relationship with Vestas and Enbridge and
adds to our existing portfolio of over 1,000 MW of renewable energy projects in
Canada. It further demonstrates the benefit of geographic diversification and
illustrates our business objectives to balance and optimize assets to preserve
our market leadership position across North America. And as important, the firm
order is positive news for Vestas` US based manufacturing plants." 

"Blackspring Ridge is an important addition to Enbridge`s fleet of renewable
projects as it significantly expands our wind energy portfolio in the Alberta
market, which we first entered nearly a decade ago with our Magrath and Chin
Chute windfarms," said Don Thompson, Vice President, Green Energy, Enbridge Inc.
"Alberta is an attractive environment for wind investments due to its high wind
capacity factor and access to transmission. Enbridge`s investment represents a
further addition to its large suite of attractive commercially secured growth
projects, reinforcing the continuation of its industry leading growth rate
through 2016 and well beyond. We welcome this opportunity to continue expanding
our renewable energy assets into Western Canada." 

"The project also allows Enbridge to maintain its position as the second largest
wind energy generator in Canada," Mr. Thompson added. "We`re pleased to continue
our relationship with EDF EN Canada and Vestas." 

Renewable Energy Credits (RECs) generated from the project are contracted to
Pacific Gas and Electric under 20-year purchase agreement. The electricity will
be sold into the Alberta power pool with pricing substantially fixed through
mid- and long-term contracts. 

The project is expected to provide substantial economic benefits to rural
Alberta in the form of jobs both during construction and long-term operations,
increased tax revenues and lease payments to landowners. In addition, the
project is also expected to have a positive impact on Alberta`s environment by
supplying enough clean energy to serve approximately 140,000 homes. 

This project 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. 

Blackspring Ridge Wind Project At-A-Glance:

           Location                            Southern Alberta; north of Lethbridge        
           Installed Capacity                  300 MW                                       
           Annual Yield                        1,021 GWh                                    
           Turbines                            166 Vestas V100-1.8 MW turbines              
           Equivalent Homes Served             About 140,000                                
           Construction Company                Mortenson Construction                       
           Construction Start Date             Second Quarter 2013                          
           REC Purchaser                       Pacific Gas and Electric                     
           Interconnection Provider            AltaLink                                     
           Peak Work Force                     More than 250 jobs during peak construction  


About EDF EN Canada Inc.:

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, EDF EN`s American
affiliate. EDF Energies Nouvelles is a subsidiary of the EDF group.
www.edf-energies-nouvelles.comwww.edf-en.ca

About Enbridge Inc.:

Enbridge Inc. is a North American leader in delivering energy and one of the
Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge
operates, in Canada and the U.S., the world's longest crude oil and liquids
transportation system. The Company also has a significant and growing
involvement in natural gas gathering, transmission and midstream businesses, and
an increasing involvement in power transmission. As a distributor of energy,
Enbridge owns and operates Canada's largest natural gas distribution company,
and provides distribution services in Ontario, Quebec, New Brunswick and New
York State. As a generator of energy, Enbridge has interests in close to 1,000
megawatts of renewable and alternative energy generating capacity and is
expanding its interests in wind and solar energy, geothermal and hybrid fuel
cells. Enbridge employs 10,000 people, primarily in Canada and the U.S. and is
ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies
to Work for in Canada. Enbridge's common shares trade on the Toronto and New
York stock exchanges under the symbol ENB. For more information,
visitwww.enbridge.com.

EDF EN Canada Inc.:
Sandi Briner, 858-521-3525
sandi.briner@edf-en.ca
or
Enbridge Inc.:
Media
Jennifer Varey, 403-508-6563 or 888-992-0997
jennifer.varey@enbridge.com
or
Investment Community
Jody Balko, 403-231-5720
jody.balko@enbridge.com

Copyright Business Wire 2013

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