in News Departments > Projects & Contracts
print the content item

Quebec-based renewable energy developer Boralex Inc. says its subsidiary, Boralex Europe SA, has closed on long-term financing for a 26 MW portion of the La Vallee wind project, a 32 MW wind farm planned for a site in France.

The financing is being underwritten by a French banking consortium comprising OSEO, Credit Cooperatif and Credit Mutuel ARKEA. The final amount of the financing is 33 million euros ($43 million), or about 77% of the total investment. Financing for the remaining 6 MW will be completed within a few weeks, when certain standard closing conditions are satisfied, Boralex notes.

The borrowed amount will be amortized over a 15-year period at a rate of approximately 4.5% for the full duration of the loan.

The electricity generated by the La Vallee wind project will be sold to Electricite de France under a 15-year contract. Construction on the wind farm began in December 2012, and commissioning is scheduled for late this year.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
BG 2015DblBox_id2032