MONTREAL, May 14, 2012 /CNW Telbec/ - Enerfin Energy Company of Canada
Inc, a wholly‐owned subsidiary of the Spanish Group Elecnor, has
announced today the successful closing of a $250 Million Senior Secured
Construction and Term Loan Facility for its 100 megawatt ("MW")
l'Érable Wind Farm project in Quebec (Canada), currently under
National Bank Financial Inc. and Sun Life Financial acted as
co‐underwriters for the financing. The final lending syndicate is
comprised of leading Canadian institutions: Sun Life Financial, The
Manufacturers Life Insurance Company, The Great‐West Life Assurance
Company and Industrielle Alliance, Assurance et services financiers
inc. National Bank Financial will act as agent for the lenders.
"We are proud to achieve closure on the financing and to be long‐term
partners on this important project with such significant lenders", said
Guillermo Planas, Managing Director of Enerfin Spain and President of
Éoliennes de l'Érable, the company that owns the wind farm. "This is
our first wind project in Canada, and we consider the closing of this
long term financing with 100% Canadian lenders a sign of trust in our
Group, our project and our socio‐environmental commitment. It inspires
us to undertake new projects in this great country."
The 100 MW l'Érable Wind Farm will generate renewable energy for
approximately 30,000 households. This energy will be delivered to
Hydro‐Quebec Distribution under a 20 year Electricity Supply Contract.
The project consists of 50 Enercon E‐82 wind turbines that will be
supplied, in part, from its new manufacturing facility in Matane
(Quebec). Enercon has already supplied more than 600 MW of wind
turbines for Enerfin in Spain and Brazil, developing a strong
relationship with the Group Elecnor over more than 10 years. The
project is scheduled to be completed within 18 months.
Enerfin's wind farm credentials and experience in the development of
more than 1,200 MW of wind power enabled lenders, as well as
Hydro‐Quebec and local Quebec entities, to support this project.
Enerfin's know‐how, environmental commitment, and technological
excellence have been internationally recognized winning them several
prestigious industry awards.
About the Group Elecnor:
Elecnor, a company based in Madrid (Spain), develops the integral
management of projects and infrastructures, and is an active investor
in renewable and high voltage transmission networks, gas pipelines and
environment projects. The Group Elecnor, with a presence in more than
20 countries and 11,000 employees, achieved a turnover of more than 2.5
billion $ in 2011 and is listed in the Spanish Stock Exchange. The main
activities of the Group Elecnor are power generation and transmission,
renewable energy, networks and infrastructures, environment,
telecommunications and aero‐space.
SOURCE Éoliennes de l'Érable
For further information:
Philippe Roy (514) 531‐4104