Invenergy and the Alliance de l’énergie de l’Est, a coalition of 209 municipalities and territories in Eastern Quebec, have announced the successful financial close of CAD 1.1 billion (approx. US$800 million) for the 350Mw Pohénégamook–Picard–Saint-Antonin–Wolastokuk 1 PPAW 1 Wind Energy Center.
The PPAW 1 Wind Energy Center, selected by Hydro-Québec in 2023 through a competitive tender, will be jointly developed by Invenergy and the Alliance on a 50-50 equity basis. Construction is set to begin in 2025, with commercial operations expected by late 2026.
Strong Economic and Regional Impact
The construction of PPAW 1 Wind Energy Center is expected to produce 350Mw of energy, create 350 direct jobs, while an additional 100 manufacturing jobs have already been established at Marmen Énergie in Matane, Quebec. Over a 30-year period, the project will distribute CAD 137 million in revenue to shareholders of the Alliance de l’énergie de l’Est—including 16 regional county municipalities (RCMs) and the Wolastoqiyik Wahsipekuk First Nation—plus CAD 45 million in fixed payments to host communities.
Des Neiges Secteur Sud Wind Project in Quebec Secures $960M Financing
Financing Led by Canadian and International Institutions
The financing includes a mix of equity and credit facilities. Equity is being provided by Invenergy and the Alliance, while the remaining funding comes from a consortium of banks:
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Administrative Agent: Desjardins Group
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Green Loan Coordinator & Documentation Agent: National Bank of Canada
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Coordinating Lead Arrangers: Desjardins Group, CIBC, SMBC (Canada Branch), and Germany’s KfW IPEX-Bank
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Green Loan Principles: Informed the structure of the financing
“This financing reflects our global experience and our deep local roots in Quebec,” said Louis Robert, VP of Development – Renewable Energy at Invenergy.
Vestas to Supply 56 Turbines for the Project
In July 2024, Danish wind turbine manufacturer Vestas received a 347 MW order for the PPAW 1 Wind Energy Center. The order includes:
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Turbines: 56 EnVentus V162-6.2 MW units
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Scope: Supply, delivery, commissioning
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Service: Multi-year AOM 5000 service agreement to ensure optimal performance
The EnVentus platform offers modularity, customizable configurations, and high efficiency, making it a strategic choice for the challenging terrains of Eastern Quebec.
Proven Track Record in Quebec
Invenergy has already developed and operated five wind energy centers in Quebec, contributing over 390 MW of clean power. PPAW 1 Wind Energy Center will add an additional 350 MW, reinforcing the region’s leadership in renewable energy.
PPAW 1 Wind Energy Center – Quick Facts
Project Name: Pohénégamook–Picard–Saint-Antonin–Wolastokuk 1 (PPAW 1)
Capacity: 350 MW
Developer: Invenergy and Alliance de l’énergie de l’Est (50/50)
Location: Eastern Quebec, Canada
Financing: CAD 1.1 billion (US$800 million)
Turbines: 56 × Vestas V162-6.2 MW
Construction: 2025–2026
Operation: Expected late 2026
Jobs Created: 350 (construction) + 100 (manufacturing)
Community Impact: CAD 137M to shareholders; CAD 45M to host communities
