Caisse provides $90M loan to Pattern’s Mont Sainte-Marguerite wind farm

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By Ted Liu

Caisse de dépôt et de placement du Québec has provided a $90-million term-loan financing as part of the construction of the Mont Sainte-Marguerite wind farm project, located in the Chaudière-Appalaches region.

This project, developed by Pattern Energy Group LP, in partnership with the municipalities of Sacré-Coeur-de-Jésus, Saint-Sylvestre and Saint-Séverin, includes the development and operation of a wind farm of 46 wind turbines.

Once in operation, the project will have a total capacity of 147 megawatts, the equivalent consumption of over 25,000 Québec households. The power generated will be sold to Hydro-Québec under a 25-year power purchase agreement.

Caisse is active as one of the largest private investors in North America’s wind power sector.

In Québec, Caisse has already financed four other wind farm projects: Parc des Moulins (Chaudières-Appalaches), Vents du Kempt (Bas-Saint-Laurent), the construction of the Parcs éoliens de la Seigneurie de Beaupré (Capitale-Nationale) and the New Richmond wind farm (Gaspésie). Caisse also has a major interest in Invenergy and its portfolio of wind farms in Canada and the U.S., whose generation capacity exceeds 5,000 MW.

Globally, Caisse is also a major shareholder in London Array, the largest offshore wind farm in the world.

photo credit: Pattern