From the PRNewswire
Boralex Inc has announced commercial commissioning of the Frampton wind power project, in Beauce, Canada, with an installed capacity of 24 MW.
President and Chief Executive Officer Patrick Lemaire pointed out that “having acquired this project under development, the cooperation of the Frampton municipality and support of the local community were key to its completion on budget and on schedule.”
Located on private land, the project consists of 12 Enercon E-82 wind turbines and is covered by a 20-year contract with Hydro-Québec. Project construction required investments of about $80 million and Boralex expects it to generate annual EBITDA of about $9 million.
The company owns 66.7% of this project in partnership with the Municipality of Frampton (33.3%), which, as partner, will receive approximately $500,000 per year, representing voluntary contributions and its share of cash generated by the project. In addition, Boralex develops, builds and operates renewable energy power facilities in Canada, France, and the United States. The company is recognized for its experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal, and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years.