With the addition of these projects, GDF SUEZ Canada and its partners Mitsui & Co., Ltd and Fiera Axium Infrastructure now operate a total renewable energy portfolio of 680 MW. GDF SUEZ holds a 40% share in this consortium.
Gérard Mestrallet, President and CEO of GDF SUEZ said: “These 2 renewable projects strengthen the Group’s position as one of the leading renewable energy generators in Canada. We are proud to continue demonstrating our commitment to environmentally sound power generation within a market which strongly supports renewable energy development and offers attractive growth opportunities for GDF SUEZ.”
The 99MW Cape Scott Wind Project on Vancouver Island, British Columbia, has entered commercial operation under a 20-year power purchase agreement with BC Hydro. The USD 310 million wind project is expected to generate over 290 GWh of clean, renewable energy annually.
The 10 MW Beckwith Solar project in Ontario has also entered commercial operation under a 20-year power purchase agreement with the Ontario Power Authority. Beckwith doubles the size of the Group’s solar capacity in Canada and is the Group’s twelfth renewable energy installation in the country. Located approximately 50 kilometers from Ottawa, the USD 45 million project, developed under Ontario’s Feed-in Tariff (FIT) Program, consists of 44,000 panels and will generate clean, renewable energy for the Ontario homes.
Nearly 17% of all of Canada’s power production is served by renewable resources such as hydro, wind, biomass, and solar. The focus of the country’s provinces on fulfilling their long-term energy targets offers GDF SUEZ a number of large and small-scale renewable investment opportunities.
Our renewable asset footprint in Canada
GDF SUEZ manages a range of energy businesses in the United States, Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, and retail energy sales and related services to commercial and industrial customers. GDF SUEZ Energy North America owns and/or operates cogeneration, steam, and chilled water facilities, including those in construction, representing a capacity of approximately 13,000 MW of electricity generation, 3.5 million pounds per hour of steam, and 37,000 tons per hour of chilled water. Renewable fuels wind, hydro, biomass, and solar power 32 of the facilities in the portfolio. The company’s natural gas assets include an LNG receiving terminal just north of Boston, Massachusetts, and natural gas distribution networks and pipelines in Mexico that serve more than 400,000 customers.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Investor Relations contact:
T: +33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.