The Forêt Domaniale Wind Project in Quebec Reaches Financial Close

Financing secured through Desjardins Group, Canadian Imperial Bank of Commerce, National Bank of Canada, KfW IPEX-Bank, and MUFG

MONTRÉAL–(BUSINESS WIRE)–EDF solutions électriques and Alliance de l’énergie de l’Est are proud to announce the successful financial closing for the Forêt Domaniale Wind project. The closing follows the recent issuance of the government decree authorizing the 185.6-megawatt (MW) project.

The required capital for the project has been secured through lead arrangers Desjardins Group, Canadian Imperial Bank of Commerce, National Bank of Canada, KfW IPEX-Bank, and MUFG. Desjardins Group acted as administrative agent. The financing is structured in accordance with the Green Loan Principles, with Desjardins Group, Canadian Imperial Bank of Commerce, National Bank of Canada, and MUFG acting as coordinators for the application of these principles.

“Closing this financing reflects both the economic strength and strategic significance of the Forêt Domaniale Wind project in advancing Quebec’s clean energy future, as well as the value of our ongoing partnership with local communities,” said Amy Lloyd, CFO of EDF power solutions North America. “We are deeply thankful to our financial partners whose commitment has enabled us to move confidently into the construction phase. Beyond adding low-carbon capacity to the Hydro-Québec network, we’re creating a meaningful climate victory and a long-term economic legacy for the region.”

The Forêt Domaniale wind farm, located in the municipalities of Cap-Saint-Ignace, Notre-Dame-du-Rosaire and Sainte-Apolline-de-Patton within the Regional County Municipality (RCM) of Montmagny, in the Chaudière-Appalaches region, will be comprised of 30 wind turbines connected to Hydro-Quebec’s grid with the substation in the Montmagny area. The project is an equal partnership between EDF solutions électriques and Alliance de l’énergie de l’Est, each holding a 50% stake.

“I would like to emphasize our gratitude toward our financial partners, who clearly recognize the importance of a project of this kind,” commented Michel Lagacé, President of Alliance de l’énergie de l’Est. “The completion of a project like Forêt Domaniale is significant for Quebec—and particularly for Eastern Quebec— environmentally, socially, and economically.”

The project contributes directly to the decarbonization of the Quebec economy while providing significant local benefits. Over the life of the project, the 15 member communities of the Alliance de l’énergie de l’Est, the Magdalen Islands Maritime Community and the Wolastoqiyik Wahsipekuk First Nation will share approximately CAD $198 million in net distributions.

Preparatory work for construction has been underway since January 2026. With financing closed, the Forêt Domaniale Wind project can officially move into the construction phase, generating more than 250 jobs. The project partners are committed to working with local businesses and suppliers, ensuring sustainable development that benefits the community. The wind farm is scheduled to begin operations in late 2027.

Stikeman Elliott acted as legal counsel to the project for the transaction, with Blake, Cassels and Graydon LLP acting on behalf of the lenders.

Forêt Domaniale Wind Project

About EDF power solutions North America

Bringing together the businesses of EDF Renewables and EDF Group International Division, EDF power solutions is an international energy player which develops, builds and operates low-carbon energy production facilities as well as flexible power ​and electricity transmission solutions.

In North America, EDF power solutions has been providing energy solutions throughout the U.S., Canada, and Mexico since 1987 as a market-leading independent power producer and service provider, serving utilities, corporations, industries, communities, institutions, and investors with reliable, low-carbon energy solutions to meet growing demand.

From developing and building scalable wind (onshore and offshore), solar, storage (battery and pumped storage hydropower), smart EV charging, microgrids, green hydrogen, and transmission projects, to maximizing performance and profitability through skilled operations, maintenance and innovative asset optimization, our teams deliver expert solutions along the entire value chain—from origination to commercial operation. Our portfolio consists of 26 gigawatts of developed projects and 17 gigawatts under service contracts.

EDF power solutions is an affiliate of the EDF Group, a world leader in power production. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Instagram, and Facebook.

About the Alliance de l’énergie de l’Est

Bringing together 209 communities and territories, from the Montmagny RCM to the Magdalen Islands, as well as the Wolastoqiyik Wahsipekuk First Nation, Alliance de l’énergie de l’Est ensures the participation of communities in Eastern Quebec in renewable electricity production projects on their territories.

Alliance de l’énergie de l’Est is part of the community’s desire to take charge and increase its participation in the energy development of Eastern Quebec, giving the local community the means to achieve its ambitions, in addition to promoting better planning of the territory and its energy production and transportation infrastructure. It is this same vision that has enabled Eastern Quebec to distinguish itself on the national scene as a leader in innovation, development, and exploitation of the collective wealth represented by renewable energies. Alliance is currently a partner in four wind farms in operation totaling 326.9 MW and seven wind farms under development with electricity supply contracts totaling 1,425.7 MW.

Contacts

Media Contacts:

Madalina Udroiu

EDF power solutions Canada

Cell: 438 393-9271

madalina.udroiu@edf-re.com

Lou Landry

Alliance de l’énergie de l’Est

581 886-3424

llandry@alliance-est.ca

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