in News Departments > Projects & Contracts
print the content item

Canada-based Boralex Inc. has completed financing for two community wind farms in Quebec totaling about 75 MW.

In partnership with the Temiscouata Regional County Municipality (RCM), Boralex has closed a $64.1 million financing for the approximately 25 MW Temiscouata I wind farm. The community wind project consists of 10 Enercon turbines, has a 20-year power purchase agreement with Hydro-Quebec and is slated for completion in December.

At the same time, Boralex has closed a $142.7 million financing for the appoximately 50 MW Temiscouata II wind farm. Commissioning of Temiscouata II, a Boralex project consisting of 22 Enercon turbines, is anticipated by December 2015.

"Completion of financing for the two Temiscouata wind farms is an important step in the development of these projects. Along with the RCM, Boralex has managed to successfully implement itself in this beautiful Quebec region through projects of high quality," says Boralex President and CEO Patrick Lemaire.

The sole lender in each of the two financing arrangements is KfW IPEX-Bank.




Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Renewable NRG_id1934
Navigant_id1983
Canwea_id1984