Innergex owns 38% of the Carleton wind farm through its interest in Cartier Wind Energy. TransCanada Corporation holds 62% ownership in the wind farm.
Construction of the project began in October 2007. The project has a total installed capacity of 109.5 megawatts (MW) and will generate 340,000 MW/hr of energy per year. Expected annual revenues for this wind farm should total $26 million.
"We are very satisfied with the way construction work has progressed and are very confident that the project will reach commercial operation on time and on budget," stated Michel Letellier, President and Chief Executive Officer of the Corporation.
The Carleton wind farm is the third Cartier Wind Energy project to be built following Hydro-Quebec Distribution's first call for tenders. The Carleton wind farm has a 20-year power purchase agreement with Hydro-Quebec for energy generated by the facility.