The Forêt Domaniale Wind Project in Quebec Reaches Financial Close
Press Release
Financing secured through Desjardins Group, Canadian Imperial Bank of Commerce, National Bank of Canada, KfW IPEX-Bank, and MUFG
MONTRÉAL, Québec — April 15, 2026 — 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
| Detail | Specification |
| Installed Capacity | 185.6 MW |
| Wind Turbines | 28 Vestas 6.2 MW wind turbine generators and 2 Vestas 6 MW wind turbine generators |
| Off-taker | 30-year Power Purchase Agreement with Hydro-Québec |
| Financing Consortium | Desjardins Group, Canadian Imperial Bank of Commerce, National Bank of Canada, KfW IPEX-Bank, and MUFG |
| Local Economic Impact | >$198 million in shared revenues for member communities over 30 years |
| Jobs Created (Construction) | >250 jobs |
| Expected Commissioning | Q4 2027 |
Media Relations
mediarelations@edf-re.com
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