in News Departments > Projects & Contracts
print the content item

Canada-based Boralex Inc. says its subsidiary Boralex Europe SA has acquired the 32 MW La Vallee wind project, located in Indre, France.

The project, which was initially developed by Gamesa, consists of 16 Gamesa G90 wind turbines. A long-term project financing will be provided by a banking consortium comprising OSEO, Credit Cooperatif and Credit Mutuel ARKEA. The signing of the financing documents and the fulfilling of the standard closing conditions are scheduled for mid-December.

Boralex expects the La Vallee wind project to begin operation by the end of 2013. All the energy produced will be sold to Electricite de France under a 15-year contract.


IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015