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

Mon Apr 8, 2013 3:00am EDT

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Marketwired

Enbridge Inc.

April 8, 2013 - 03:00:00 AM

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

TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwired - April 8, 2013) - 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 agreements. 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 expected to have a positive impact on Alberta's environment by
supplying enough clean energy to serve approximately 140,000 homes.

The 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        
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Installed Capacity             300 MW                                       
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Annual Yield                   1,021 GWh                                    
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Turbines                       166 Vestas V100-1.8 MW turbines              
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Equivalent Homes Served        About 140,000                                
----------------------------------------------------------------------------
Construction Company           Mortenson Construction                       
----------------------------------------------------------------------------
Construction Start Date        Second Quarter 2013                          
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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.com www.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, visit
www.enbridge.com. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Enbridge Inc.
Jennifer Varey
Media
403-508-6563 or 888-992-0997
jennifer.varey@enbridge.com


Enbridge Inc.
Jody Balko
Investment Community
403-231-5720
jody.balko@enbridge.com


EDF EN Canada Inc.
Sandi Briner
858-521-3525
sandi.briner@edf-en.ca
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