August 2, 2018 / 9:54 AM / 3 months ago

TransCanada to sell 62 pct stake in Cartier facilities to Innergex

Aug 2 (Reuters) - Keystone XL pipeline operator TransCanada Corp said on Thursday it would sell its 62 percent stake in Cartier wind power facilities in Quebec to Innergex Renewable Energy Inc for about C$630 million ($484 million).

The assets include five wind farms with a total generating capacity of 590 megawatts, of which TransCanada’s share is 365 MW.

The sale is expected to close in the fourth quarter of 2018.

$1 = C$1.30 Reporting by Laharee Chatterjee in Bengaluru

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