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

Mon Apr 8, 2013 3:00am EDT

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO and CALGARY, ALBERTA, Apr 08 (Marketwired) --
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:


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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                                
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Construction Company           Mortenson Construction                       
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Construction Start Date        Second Quarter 2013                          
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REC Purchaser                  Pacific Gas and Electric                     
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Interconnection Provider       AltaLink                                     
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Peak Work Force                More than 250 jobs during peak construction  
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    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. 

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

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