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BRIEF-DGPP To Acquire Portion Of EDF Renewables Canada's Stake In Cypress Wind Project

Published 2019-06-19, 01:14 p/m
BRIEF-DGPP To Acquire Portion Of EDF Renewables Canada's Stake In Cypress Wind Project

June 19 (Reuters) - The Desjardins Group Pension Plan:

* THE DESJARDINS GROUP PENSION PLAN TO ACQUIRE A PORTION OF EDF (PA:EDF) RENEWABLES CANADA INC.'S STAKE IN THE CYPRESS WIND PROJECT

* DESJARDINS GROUP - DGPP WILL OWN 40.5% OF PROJECT, EDF RENEWABLES CANADA WILL HOLD 34.5%

* DGPP - PROJECT WILL CONSIST OF 48 TURBINES WITH A TOTAL CAPACITY OF 201.6 MEGAWATTS

* DESJARDINS GROUP - CONSTRUCTION WILL START IN 2020 AND PROJECT IS EXPECTED TO BE OPERATIONAL BY 2021.

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