WATERLOO, ON, October 5, 2018
Diverso Energy and Eolectric Capital Inc. announce $55 million Geothermal Utility partnership
MONTREAL, December 13, 2017
Sharp Hills Wind Farm awarded a 20-year Renewable Energy Support Agreement
MONTREAL, October 16, 2017
Inauguration of the 4.8 MW Biomont cogeneration power plant
MONTREAL, October 3, 2017
Fighting climate change
Eolectric Club and Fiera Axium announce the official commissioning of the Vents du Kempt wind farm
Brossard, December 2nd, 2014 - Eolectric Club, L.P. and Fiera Axium Infrastructure Canada Limited Partnership are pleased to announce the official commissioning of the 101.05 MW Vents du Kempt Wind Farm in the Regional County Municipality (RCM) of La Matapedia, Quebec (Canada).
"The commissioning of the Vents du Kempt Wind Farm is the culmination of over a decade of dedicated effort and work", said Guy Painchaud, President of Eolectric Inc. "We are proud of this great achievement and we are very grateful for the continued support from the local community and officials, as well as the project landowners."
The construction of the Vents du Kempt Wind Farm was undertaken over a period of slightly more than two years. At the peak of the construction period, more than 300 workers were on the site, of which almost 70% were from the local area.
"We are extremely pleased that the Vents du Kempt Wind Farm now contributes to Quebec’s power grid with clean and renewable energy", said Stéphane Mailhot, President and COO of Fiera Axium Infrastructure Inc., on behalf of Fiera Axium Infrastructure Canada Limited Partnership.
The Vents du Kempt Wind Farm, located in the territory of the municipalities of Causapscal and Sainte-Marguerite-Marie, in the RCM of La Matapédia, consists of 43 Enercon E92 wind turbines of 2.35 MW nominal capacity partly manufactured at the Enercon plant in Matane.
The Vents du Kempt Wind Farm, which executed a 20-year power purchase agreement with Hydro-Quebec Distribution as a result of the 2005 call for tenders for 2,000 MW of wind power, will provide sufficient energy to power the equivalent of 10,000 electrically heated homes.
About the Project Sponsors:
Éolectric inc.:Eolectric Inc., located in Brossard, Québec, is one of the major wind power developer in Canada. A pioneer in this flourishing industry, Eolectric and its affiliates have been involved in the development, construction and operation of wind farm projects throughout Canada and Mexico since 1994. With various partners, Eolectric has developed wind farms representing a total capacity of 693 MW which are currently under construction or in operation. It has successfully assembled a portfolio of wind power projects in Canada and Mexico totalling an aggregate capacity of 2,000 MW. Eolectric has also developed management activities, including management and administrative services to both Eolectric Club L.P. and Vents du Kempt Wind Power, L.P. Eolectric lives by and adheres to high standards of sustainable development and social acceptability.
Club Éolectric, s.e.c.: Eolectric Club, L.P. is an investment fund in wind power projects throughout Canada. Eolectric Club L.P.’s investors are Eolectric Inc., Industrial Alliance Insurance and Financial Services Inc. and Fiera Axium Infrastructure Canada, Limited Partnership. Eolectric Club L.P. may invest in projects developed by Eolectric and affiliates or by other third party developers.
Fiera Axium Infrastructure inc.:Fiera Axium is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Fiera Axium manages dedicated infrastructure funds having in excess of $1.1 billion in assets under management. Focus is placed on assets that are supported by robust market demand, under long-term contract with creditworthy counterparties. The firm combines the capabilities of a group of specialists with decades of combined experience acquiring, developing, financing, operating and managing infrastructure assets.
Industrial Alliance: Founded in 1892, Industrial Alliance Insurance and Financial Services Inc. is a life and health insurance company with operations in all regions of Canada as well as in the United States. The Company offers a wide range of life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgage loans and other financial products and services for both individuals and groups. The fourth largest life and health insurance company in Canada, Industrial Alliance contributes to the financial wellbeing of over three million Canadians, employs more than 4,300 people and manages and administers more than $100 billion in assets. Industrial Alliance stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.