A SUEZ Energy North America affiliate has signed an agreement to acquire the Canadian wind power development company Ventus Energy Inc.

The transaction will involve the purchase of 100 percent of the shares of Ventus for CDN$124 million in cash. This marks the first entry of SUEZ into the North American wind energy market. Ventus' portfolio includes 25 wind energy development projects in Canada. The Ventus portfolio represents close to 2,000 MW of electricity generation in various stages of development, and the company has secured land rights to more than 17 million acres of land for construction of its projects.