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

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015