The Caisse contributes $25 M to the financing of the Seigneurie de Beaupré Wind Farms

MONTREAL, Nov. 8, 2011 /CNW Telbec/ - The Caisse de dépôt et placement du Québec announced today it will contribute financing of $25 million, in the form of senior debt, to the development of the Seigneurie de Beaupré Wind Farms. The project, led by a consortium consisting of Boralex Inc., Gaz Métro L.P., and Valener Inc., represents financing of $725 million. The initial project phase involves the construction and operation of a 272 MW wind farm north of the St. Lawrence River and constitutes one of the largest wind energy development sites in Québec.

"This financing enables us to support established business partners and offers us a long-term opportunity ideally aligned to our investment strategy," affirmed Marc Cormier, Executive Vice-President, Fixed Income, at the Caisse de dépôt et placement du Québec. "With our investment in this project, we are contributing to a renewable energy initiative in Québec while generating a return that meets the objectives of our depositors."

"Our business relationship with the Caisse has strengthened year over year, and we are very pleased to once again have its support in such an important project," said Sophie Brochu, President and Chief Executive Officer of Gaz Métro L.P. "The participation of the Caisse, in tandem with other financial partners, speaks volumes about its readiness to contribute to the success of high-quality projects that will ultimately benefit all Québecers," added Patrick Lemaire, President and Chief Executive Officer of Boralex Inc.

ABOUT THE SEIGNEURIE DE BEAUPRÉ WIND FARMS
With a total installed capacity of 272 MW, the first phase in the development of the Seigneurie de Beaupré Wind Farms will consist of 126 Enercon turbines. The project will see energy supplied to Hydro-Québec under power purchase agreements spanning 20-years, and commissioning of the first phase is scheduled for December 2013. Construction has already begun on the site and is proceeding as planned, with 41 foundations poured and 80% of access roads completed to date.

ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2010, it held $151.7 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.lacaisse.com.

SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

For further information:

Sarah-Émilie Bouchard
Senior Adviser and Writer, Media Communications and Public Relations
514 847-5493
sebouchard@lacaisse.com

Profil de l'entreprise

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.