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Boralex acquires Invenergy’s Interests in 5 Quebec Wind Farms

Power News - Published on Tue, 18 Sep 2018

Image Source: Power Technology
Boralex announced that it has acquired Invenergy Renewables’ economic interests in five farms located in Quebec for a total cash consideration of CAD 215 million. The five wind farms have a total net installed capacity of 201 MW and were commissioned between March 2012 and December 2016. The projects also have a long term power purchase agreements (PPA) with Hydro Quebec Distribution, which the release says will lapse sometime between 2032 and 2041.

The acquired projects have a gross capacity of 391.5 MW and are located in the MRC d’Avignon and the MRC des Appalaches regions in Eastern Quebec. The projects include the 138.6 MW Le Plateau I farm, 135.7 MW Des Moulins I farm and the 74.8 MW Roncevaux farm. Also included in the acquisition are two 21.2 MW farms, Le Plateau II and Des Moulins II.


Mr Patrick Lemaire, president of Boralex, said that “This acquisition contributes to our objective of sustainable and predictable cash flow growth for our investors while supporting the generation of electricity derived from renewable energy for thousands of homes in Québec.”

With this acquisition, Boralex’s net capacity has jumped 12 percent to 1,820 MW while extending its weighted average PPA term to 14 years. The company now has 568 MW installed capacity in Quebec.

Source :

Posted By : Rabi Wangkhem on Tue, 18 Sep 2018
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