Boralex adds 47 MW wind capacity in France
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.
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The all-island grid operated without coal between April 11th and May 7th – a total of 25 days, it confirmed. This is the longest period of time the grid has operated without coal since the all-island electricity market was introduced in 2007.
Ireland’s largest generating station, Moneypoint in Co Clare, uses coal, as do some of the larger generation sites in Northern Ireland.
The analysis coincides with the European statistics agency, Eurostat publishing figures showing annual CO2 emissions…
