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The Complete Story of the $800M PPAW 1 Wind Energy Center in Eastern Quebec

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Profen 2 wind farm project in Germany progress with Vestas 62 MW turbine supply

The Pohénégamook–Picard–Saint-Antonin–Wolastokuk 1 (PPAW 1) Wind Energy Center is a 350 MW renewable energy project located in Eastern Quebec, Canada. Jointly developed on a 50-50 equity basis by Invenergy and the Alliance de l’énergie de l’Est—a coalition of 209 municipalities and territories—the project recently secured CAD 1.1 billion (approximately US$800 million) in financing. Selected by Hydro-Québec in a 2023 competitive tender, the facility will feature 56 Vestas V162-6.2 MW EnVentus turbines. With construction scheduled to begin in 2025 and commercial operations expected by late 2026, the wind farm is projected to create 350 direct construction jobs and generate CAD 137 million in revenue for local shareholders over a 30-year period, alongside CAD 45 million in fixed payments to host communities. This significant progress in regional wind energy is a key part of a broader expansion in the province, as the $3 billion Des Neiges wind farm breaks ground in Quebec, further accelerating Canada’s clean energy race with a project designed to power over 200,000 homes.

Project Overview

Type: Onshore wind farm

Location: Eastern Quebec, Canada

Total Capacity: 350 MW

Total Project Cost: CAD 1.1 billion (approx. US$800 million)

Turbines: 56 × Vestas V162-6.2 MW (EnVentus platform)

Construction Start: 2025

Target Commercial Operations: Late 2026

Offtaker / Tender Winner: Selected by Hydro-Québec in 2023

Job Creation: 350 direct construction jobs, plus 100 manufacturing jobs already established at Marmen Énergie in Matane, Quebec

Economic Impact (30 years): CAD 137 million in revenue to Alliance shareholders (including 16 RCMs and the Wolastoqiyik Wahsipekuk First Nation) and CAD 45 million in fixed payments to host communities

Project Team

Co-Developers (50/50 Equity): Invenergy and the Alliance de l’énergie de l’Est

Turbine Supplier: Vestas (includes supply, delivery, commissioning, and a multi-year AOM 5000 service agreement)

Financing Consortium:

Administrative Agent & Coordinating Lead Arranger: Desjardins Group

Green Loan Coordinator & Documentation Agent: National Bank of Canada

Additional Coordinating Lead Arrangers: CIBC, SMBC (Canada Branch), and KfW IPEX-Bank (Germany)

The Complete Story of the $800M PPAW 1 Wind Energy Center in Eastern Quebec
The Complete Story of the $800M PPAW 1 Wind Energy Center in Eastern Quebec

Published 3rd June 2025: 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:

  • Administrative Agent: Desjardins Group
  • Green Loan Coordinator & Documentation Agent: National Bank of Canada
  • Coordinating Lead Arrangers: Desjardins Group, CIBC, SMBC (Canada Branch), and Germany’s KfW IPEX-Bank
  • 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:

  • Turbines: 56 EnVentus V162-6.2 MW units
  • Scope: Supply, delivery, commissioning
  • 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

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