Upon completion of the sale, EDF holds 37.5% in the project while La Matapédia owns 10% and La Mitis 2.5%.
Co-owner Enbridge holds 50% interest in the project.
EDF will continue to provide management services to the project while EDF Renewable Services will supply long-term operations and maintenance services.
The regional prefects Chantale Lavoie and Noël Lambert said the acquisition is "a great opportunity" for local communities to benefit from the direct impact of a natural resource present at home.
The prefects of the MRCs, Chantale Lavoie (La Matapédia) and Noël Lambert (La Mitis) said in a joint statement: "For the MRC and municipalities, this acquisition will provide a share of revenues from the sale of electricity while providing diversification of funding sources."
"Depending on the power generation of the wind farm, net profits could reach $200,000 to $300,000 per year for La Mitis and $500,000 to $1,000,000 for La Matapedia."
EDF EN Canada project development director Alex Couture said: "Our wind farms not only produce clean, renewable energy, but they also bring a long-term investment opportunity for the communities that host our projects."
The project is located in the municipalities of Saint-Cléophas, Sainte-Irène, Saint-Zénon-du-Lac-Humqui and the unorganized territory (UT) of Lac Alfred in the MRC of La Matapédia and in the municipality of La Rédemption and UT Lac-à-la-Croix in the MRC of La Mitis.
The electricity generated from the wind farm is delivered to Hydro-Quebec Distribution under a 20-year power purchase agreement.
