(The Canadian Press) Enbridge Inc. (TSX: T.ENB, Stock Forum) (NYSE: ENB, Stock Forum) and a subsidiary of EDF Energies Nouvelles have teamed up to buy the Blackspring Ridge wind generation project near Lethbridge, Alta., on a 50-50 basis from Greengate Power Corp.
Financial details of the transactions weren't disclosed in Monday's announcement.
When completed, the Blackspring project will have 166 turbines, making it the biggest wind power project in Western Canada, the company said in a press release.
Enbridge shares rose 0.77% to $45.65, leaving the company with a market cap of $36.8 billion, based on 807 million shares outstanding. The 52-week range is $47.93 and $37.74.