On November 30, 2009, Renewable Energy Systems Canada Inc. (RES Canada), an affiliate of RES Americas, and Enbridge Inc. (TSX, NYSE: ENB) completed a transaction to develop a 99 megawatt Talbot Wind Energy Project (the project) near Chatham, Ontario in which Enbridge will have a majority interest. The total investment in the project by both parties is approximately C$285 million. The project will be structured as a limited partnership owned by RES Canada and Enbridge. Construction of the project will be undertaken by RES Canada under contract to the partnership.
The project will produce enough clean wind energy to power 33,000 average Canadian homes, and will also deliver energy to the Ontario Power Authority under a Renewable Energy Supply (RES) III 20-year power purchase agreement.
RES Canada was founded in 2003 and is based in Montreal, Quebec. RES Canada is active with the development and construction services of renewable energy in most Canadian provinces.
Enbridge Inc., headquartered in Calgary, Alberta, is an energy delivery company that transports natural gas and crude oil, which are used to heat homes, power transportation systems, and provide fuel and feedstock for industries.