Boralex adds 47 MW wind capacity in France
FRANCE - Canadian power producer Boralex Inc said it had, along with its European partner Cube Infrastructure Fund, acquired three wind farms in France to add 47 MW of capacity for about $115 million.
The acquisition increases the company's installed wind power capacity in Europe to 170 MW, Boralex said in a statement.
The company said a 30 MW wind site in Plateau de Ronchois in the Picardie and Normandie regions and a 10 MW wind site at Grand Camp in the Center region, which are under construction will account for close to 78 percent of the total investment.
Boralex said the equity contribution came from the capital injected by Cube.
On December 14, Boralex entered into a partnership with Cube to accelerate development in the renewable energy segment in Europe, particularly in wind and solar power.
The partnership would make it possible to support the development of an additional 110 MW of wind power, without Boralex being required for any supplementary funds, the company had said then.
The third wind farm, a 7 MW Bel Air site in Brittany, which had been in operation since December 2006, is financed by a French bank, Boralex said.
Related News
Ontario's electricity operator kept quiet about phantom demand that cost customers millions
TORONTO - For almost a year, the operator of Ontario’s electricity system erroneously counted enough phantom demand to power a small city, causing prices to spike and hundreds of millions of dollars in extra charges to consumers, according to the provincial energy regulator.
The Independent Electricity System Operator (IESO) also failed to tell anyone about the error once it noticed and fixed it.
The error likely added between $450 million and $560 million to hourly rates and other charges before it was fixed in April 2017, according to a report released this month by the Ontario Energy Board’s Market Surveillance Panel.
It did…
