The 274 MW Madawaska wind project in Quebec has reached financial close, enabling the start of construction activities. The project is being developed through a partnership between EDF power solutions Canada, Alliance de l’énergie de l’Est, and Société de gestion éolienne de la Madawaska Inc., a subsidiary of Hydro-Québec. It is located in the municipalities of Dégelis and Saint-Jean-de-la-Lande in the Témiscouata Regional County Municipality within the Bas-Saint-Laurent region. Preparatory activities for construction have been underway since January 2026, and the project is scheduled to begin operations in the third quarter of 2027.
Financing for the project has been arranged through a consortium comprising Canadian Imperial Bank of Commerce, National Bank of Canada, Desjardins Group, and KfW IPEX-Bank. Canadian Imperial Bank of Commerce has been appointed as the administrative agent for the transaction. The wind project will include 45 turbines consisting of 20 Vestas 6.2 MW units and 25 Vestas 6 MW units, and will be connected to the Hydro-Québec grid under a 30-year power purchase agreement. Once operational, it is expected to generate sufficient electricity to supply more than 44,000 households annually.
In December 2025, EDF power solutions Canada and Énergie Renouvelable Granit Inc announced that the Haute-Chaudière wind project in Quebec, Canada has secured non-recourse construction and term financing, enabling the start of construction. The 124 MW project, located in the Regional County Municipality of Granit, received the funding from a group of lenders.
REGlobal’s Views: Wind power makes up roughly 3.5 per cent of Canada’s electricity generation. It is expected to contribute more in the near future as the country moves ahead with its plans to generate 90 per cent of electricity from non-emitting sources by 2030. The country has been witnessing a ramp up in its wind power development activity, to reduce its dependence on conventional power.