The total investment in the project by both parties is approximately $285m. The project will be structured as a limited partnership owned by Enbridge and RES Canada. Construction of the project will be undertaken by RES Canada under contract to the partnership.
Patrick Daniel, president and CEO of Enbridge, said: “The positive steps the Ontario government is taking to encourage and support a thriving renewable energy industry, combined with our existing presence through the 190MW Enbridge Ontario wind project, make the Talbot Wind Energy project an excellent fit with Enbridge’s strategy to expand its renewable energy platform across Canada and the US.
“Investing in renewable energy diversifies our business and further strengthens our financial position with stable cash flow, attractive returns and reduced business risk.”