Boralex Secures Financing of Three French Wind Farms

Boralex Inc. announced the financing for the Inter Deux Bos (33 MW), Côteaux du Blaiseron (26 MW), Le Pelon (10 MW), Hauts de Comble (20 MW) and Sources de l’Ancre (23 MW) wind farms in France for a total amount of approximately €136 million (C$ 212 million).

This financing is provided by Crédit Industriel et Commercial, Auxifip, Caisse Régionale de Crédit Agricole Mutuel Nord de France and BPI France Financement. The financing is based on a debt/equity ratio of 80/20 and consists of a 15-year, €108.8 million fixed-rate tranche and a 15-year, €27.2 million variable-rate tranche. Given the interest rate swaps and current drawdowns, the combined average rate for the two tranches is approximately 2.6%. In addition to the long-term tranches,... ... More: Official Press Release Boralex

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Boralex, France, finances, investment, wind farm