27 February 2008 – SUEZ Renewable Energy NA, the renewable energy business of SUEZ Energy North America, has signed a 20-year Power Purchase Agreement with New Brunswick Power Distribution to supply electricity to New Brunswick Power from a new wind farm project that SRENA will construct, own, and operate.
The contract revenue over the life of the agreement is expected to be approximately C$500m (US$512m).
SUEZ Renewable Energy NA anticipates starting construction of the wind projects in 2008, with commercial operation scheduled to begin in late 2009.
The wind farms will be located in the Inland Region of the Province of New Brunswick (eastern coast of Canada), and will have a total generating capacity of 99 MW and a capacity factor of 37 per cent based on two years of measurement.
In late September 2007, SUEZ Energy North America acquired Ventus Energy of Canada, which has built a portfolio of 10 wind energy development projects in active development in six provinces in eastern Canada, including Ontario, Quebec, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador.