Canada Authorities & RE Firm Ink PPA For 100 MW Quebec Wind Project

Canada Authorities & RE Firm Ink PPA For 100 MW Quebec Wind Project

Innergex Renewable Energy Inc, the Regional County Municipality of Lotbinière and the Abenaki Councils of Odanak and Wôlinak have announced the signing of a 30-year power purchase agreement with Hydro-Québec for the electricity to be generated by the 100 MW community wind power project.

As per Innergex, the signing of this long-term contract with Hydro-Québec will contribute to strengthening the stability of the power grid while meeting Quebec’s growing energy needs. This agreement underscores our determination to support the ambitions of Canada utilities in the energy transition while guaranteeing ongoing revenues for our project, said Michel Letellier, President and Chief Executive Officer of Innergex.

The signing of the power purchase agreement with Hydro-Québec marks the culmination of a long administrative process conducted in concert with our partners, and sets in motion the actual development of the project by ensuring the community that it is socially acceptable, both to the citizens and the various organizations and associations concerned, all to meet the growing demand for renewable energy, » says Daniel Turcotte, Prefect of the RCM of Lotbinière.

We are pleased to see the progress of our project, which is important for the prosperity of future generations, and which also recognizes our role as guardians of the Ndakina, our ancestral territory. We will continue to be involved to ensure territorial development that respects our values and traditions, » said Rick O’Bomsawin, Chief of the Abenaki Council of Odanak.

I’m very proud to see our project reach this important milestone. It allows us to look forward to significant economic benefits for the W8banaki Nation and the continuation of a fruitful collaboration with our partners at Innergex and the RCM of Lotbinière towards a sustainable and inclusive energy transition, » said Michel R. Bernard, Chief of the Abenaki Council of Wôlinak.

The long-term power purchase agreement is structured as a take-or-pay contract, indexed to a predefined percentage of the Consumer Price Index (“CPI”), ensuring financial stability and protection against inflation.

On January 26, 2024, the Lotbinière Ndakina wind project was selected in Hydro-Québec’s call for tenders. Upon commercial commissioning, scheduled in late 2028, the project will generate enough electricity to power the equivalent of 20,000 households.

Construction of the Lotbinière Ndakina wind project will require the creation of around 200 jobs and will involve the participation of local and regional businesses. Long-term, permanent, skilled jobs will also be created during the operating period.

Interconnection and collector system costs will be reimbursed by Hydro-Québec when the facility is commissioned.

The project is subject to the execution of contracts with suppliers and to the successful completion of permit application processes and regulatory requirements.