Boralex Buys Five Canadian Wind Farms

Boralex Inc. is pleased to announce that it has completed the acquisition of all of the economic interests of Invenergy Renewables LLC in 5 wind farms in Québec, totaling 201 MW of net installed capacity, for a total cash consideration of $215 million, subject to post-closing adjustments to the purchase price under the acquisition agreements.

Located in the MRC d’Avignon and the MRC des Appalaches in Eastern Québec, the Projects were commissioned between March 2012 and December 2016. They comprise state-of-the-art Enercon and GE turbines. The Projects benefit from long-term Power Purchase Agreements (“PPAs”) with Hydro-Québec Distribution expiring between 2032 and 2041. The Acquisition is expected to strengthen Boralex’s leading... ... More: Official Press Release Boralex

Keywords:

Boralex, Invenergy, Canada, Québec, wind farm, aquisition