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ENERCON among winners of Hydro-Québec tender for wind energy: Quebec to become one of North America's biggest wind power developers

Fasken
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Confidential Client

On May 5, 2008, ENERCON GmbH and its Canadian subsidiary, ENERCON Canada Inc., announced that they were among the winners in the Quebec call for tenders for wind energy as announced earlier in the day by Hydro-Québec. ENERCON will supply wind energy converters which produce an aggregate of 1050.5 MW to projects approved by Hydro-Québec. ENERCON intends to establish Canadian headquarters in the Montréal area and has entered into land option arrangements with the City of Matane for the purpose of establishing manufacturing facilities for concrete tower production and the assembly of electrical components. ENERCON expects to invest more than $30 million in Quebec and to create 200 engineering, administrative, production and service jobs in preparation for the first phase of project construction which is scheduled to begin in 2011. One of the world's leading wind turbine manufacturers, ENERCON owns and operates facilities in Germany, Turkey, Sweden, Portugal, Brazil and India and employs more than 10,000 people. ENERCON is a privately owned company which, with more than 50% of market share, has led the German wind energy market for years. With more than 5,000 commercial sites worldwide and a global installed capacity of 14,400 MW, ENERCON ranks second in all-time global installations. In 2007, ENERCON held a 14% share of the global market and a leading 42.7% of the Canadian wind turbine market. ENERCON was advised in this transaction by a team from Fasken Martineau led by Peter Ascherl which included, among others, André Turmel, Gaël Gravenor, Sylvie Bourdeau and Martin Sheehan in the Montréal office with support from Jon Holmstrom in the Toronto office. ENERCON has been a client of Fasken Martineau since 2003.

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