Boralex Inc. announced the commercial commissioning of the Moose Lake wind farm, located on Crown land about 24 kilometers northwest of Tumbler Ridge in British Columbia, Canada. Developed in partnership with Aeolis Wind Power Corporation, West Moberly First Nations, Saulteau First Nations and McLeod Lake Indian Band, this 15 MW wind farm includes four…
Boralex acquires Invenergy’s interests In Quebec wind farms
Boralex Inc. has completed the acquisition of all of the economic interests of Invenergy Renewables LLC in five wind farms in Québec (the “projects”), totaling 201 MW of net installed capacity, for a total cash consideration of $215 million. The agreement is subject to post-closing adjustments to the purchase price under the acquisition agreements. Located…
Boralex closes financing on British Columbia’s Moose Lake wind farm
Boralex Inc. has announced the closing of a $53.3 million financing for the Moose Lake wind farm in British Columbia, Canada. The long-term financing of the 15-MW Moose Lake wind farm, located on Crown land in the Peace Region (northwest of Tumbler Ridge, BC, Canada) is provided by KfW IPEX-Bank GmbH. Believed to be one of the first in the Canadian…
Wind developer, la Caisse, acquires stake in Quebec-based Boralex
Caisse de depot et placement du Quebec (la Caisse) has acquired a 17.3% interest in Quebec-based Boralex, which builds and operates renewable energy facilities in Canada, France, and the U.S. la Caisse has acquired all of the Class A common shares of Boralex held by Cascades Inc. for the amount of $287.5 million. As part of the…
Ontario’s Niagara Region Wind Farm inaugurated as part of Global Wind Day
Boralex, ENERCON, and the Six Nations of the Grand River Development Corporation celebrated the inauguration of the Niagara Region Wind Farm (NRWF) on June 15th, which is Global Wind Day. The wind farm, which is located on private land in the Regional Municipality of Niagara in Ontario, was commissioned on November 2, 2016, and consists of 77 ENERCON E‑101 wind turbines…
Boralex closes $33.4 million financing for the Port Ryerse wind farm
Boralex Inc. announced the closing of a $33.4 million financing for the Port Ryerse wind farm in Ontario, Canada. The 10-MW project was commissioned in December 2016. It is located on privately owned lands east of the hamlet of Port Ryerse in Norfolk County, and consists of four Siemens SWT 3.0 113 wind turbines. Long-term…
Boralex’s Port Ryerse Wind Farm now up & running in Ontario
Boralex Inc. has announced the commercial operation of the 10-MW Port Ryerse Wind Farm in Ontario, Canada. Representing an investment of slightly over $37 million, the project consists of four Siemens’ SWT 3.0 113 wind turbines and is endowed with a 20-year power purchase agreement with Independent Electricity System Operator (IESO). “After the recent acquisition and commissioning of a…
Boralex and AWEC form renewable energy partnership in Alberta
Boralex Inc. and Alberta Wind Energy Corporation (AWEC) announce the creation of the Alberta Renewable Power Limited Partnership, owned respectively approximatively 52% and 48% by the two companies. This collaboration will be a unique opportunity to leverage the mutual expertise of Boralex and AWEC in the development of wind and solar projects in the province…
Boralex acquires Enercon’s interest in 230-MW Niagara Region Wind Farm
Boralex Inc. announced that it has entered into binding agreements with Enercon Canada Inc. to acquire all of its economic interest in the 230-MW Niagara Region Wind Farm (NRWF). The agreement is for a total cash consideration of $238.5 million, subject to adjustments under the acquisition agreements. NRWF extends across the Regional Municipality of Niagara, the Township…
Canadian-based Boralex closes on three French wind farms
Quebec-based wind developer, Boralex Inc., announced the closing of financing for three new wind farms in France: the 24-MW Mont de Bagny, the 23.1-MW Artois, and the 10-MW Voie des Monts. The total of all contracts is about €100 million (C$145 million), including €11.2 million in financing for value added tax receivable. Construction has already begun…
Boralex inaugurates Quebec community wind farm
Canadian-based, Boralex Inc., officially inaugurated the Frampton community wind farm in Quebec. Commissioned in December 2015, the project, which is located on private land in the Municipality of Frampton, has 12 wind turbines with a total capacity of 24 MW. It is expected to supply electricity to nearly 5,000 Quebec households every year until 2035.…
Construction starts on Moose Lake Wind Project
The Moose Lake Wind Project, which represents a $70 million investment, completed an environmental impact assessment and received a General Area Licence of Occupation in September 2014.
Boralex starts construction on British Columbia’s Moose Lake Wind Project
Construction of British Columbia, Canada’s Moose Lake Wind Project officially begins on July 18th. The project, located 24 kilometers north-west of Tumbler Ridge near Highway 29, is being developed by Boralex Inc. and Aeolis Wind Power Corporation. It will include four turbines with a total capacity of 15 MW, and will create approximately 40 jobs during…
Ontario’s Port Ryerse Wind Farm set for construction
Construction of Ontario’s Port Ryerse Wind Farm, developed by Boralex Inc., will begin June 13 and will last about five months. Located east of the hamlet of Port Ryerse in Norfolk County, this project will have four Siemens SWT 3.0 113 turbines, with a total capacity of 10 MW. It is expected to create up…
Canadian-based Boralex acquires a 350-MW wind-power project in France
Montreal-based company Boralex announced the acquisition of a 350-MW wind energy project in northern France that will help reinforce its presence overseas. This acquisition, combined with wind projects already under development, will bring Boralex’s portfolio of development in France to nearly 850 MW. Boralex plans to acquire the following projects by 2018: 79 MW of ready-to-build projects…