Project financing for Canadian wind farm closed
Germany's KfW IPEX-Bank has announced that it is providing a long-term project financing loan of up to CAD 61.7 million to a wind project managed by the Canadian independent renewable power producer Innergex Renewable Energy Inc. jointly with the regional country municipality Rivière-du-Loup.KfW IPEX-Bank is helping in this case the supplier of the wind turbines, REpower, which is a German manufacturer of wind energy systems based in Hamburg.
Germany's export and project finance bank offers medium and long-term financing to support key export industries, to develop economic and social infrastructure and to fund environmental and climate protection projects.
Plans call for the wind farm to be erected by the end of this year. When commercial operation begins 12 REpower MM92 wind turbines with a total capacity of 24.6 MW will supply several thousand Canadian households with green energy every year. In addition to supplying the turbines REpower is also in charge of commissioning and maintenance of the systems for the first ten years. Offtaker is the energy supply company Hydro-Québec.
Source: KfW Group
Country news
-
-
August 21, 2013
Ontario shortists for Hawkesbury & District General Hospital Redevelopment
On August 19, Infrastructure Ontario and Hawkesbur & District General Hospital have shortlisted six companies to build and finance the hospital's expansion and redevelopment project. Read more -
August 21, 2013
SNC Lavalin appoints Infrastructure Group President
SNC-Lavalin Inc. announced on Aug. 19 the appointment of a new executive and member of the Office of the President. Read more -
August 26, 2013
Alberta launches RFQ for the DBFM of 19 schools
The Government of Alberta has launched a Request for Qualifications for the design, build, finance and maintenance of nineteen new schools in Southern and North Central Alberta in Canada. The schools are framed within the Building Alberta's School Construction Program (BASCP) 2013. Read more -
August 28, 2013
GE and Alterra Power Corp. acquire Canadian solar projects from First Solar
GE Energy Financial Services said that it has acquired, through ABW Partnership, a collection of solar projects in Ontario, Canada, totaling 50 megawatts (MW). The project were acquired from First Solar, Inc. and terms of the deal were not disclosed. Read more -
August 30, 2013
Ontario shortlists companies for Joseph Brant Hospital Project DBF
Infrastructure Ontario and Joseph Brant Hospital announced yesterday the three teams shortlisted to design, build and finance the hospital's expansion and modernization project. Read more
