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TransCanada to sell 62 per cent stake in Cartier facilities to Innergex
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TransCanada to sell 62 per cent stake in Cartier facilities to Innergex

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TransCanada to sell 62 per cent stake in Cartier facilities to Innergex
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TransCanada to sell 62 per cent stake in Cartier facilities to Innergex

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The sale is expected to close in the fourth quarter of 2018

Keystone XL pipeline operator TransCanada Corp said on Thursday it would sell its 62 per cent stake in Cartier wind power facilities in Quebec to Innergex Renewable Energy Inc for about C$630 million ($484 million).

The assets include five wind farms with a total generating capacity of 590 megawatts, of which TransCanada’s share is 365 MW.

The sale is expected to close in the fourth quarter of 2018.

Source: reuters

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Anand Gupta Editor - EQ Int'l Media Network
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