Plant.ca

Boralex signs $283M deal for control of seven US solar power plants

Operations were commissioned between 2014 and 2017 with long-term power purchase agreements.

November 23, 2020   Joe Terrett

MONTREAL — Boralex Inc. has signed a deal to buy controlling interests in seven solar power plants in the United States from Centaurus Renewable Energy LLC and other investors for $283 million.

The deal includes five solar plants in California, one in Alabama and one in Indiana.

CRE and other investors will retain certain non-controlling interests in the assets.

The operations were commissioned between 2014 and 2017 and benefit from long-term power purchase agreements.

Advertisement

Boralex chief executive Patrick Lemaire says the acquisition will mark the company’s entry into the California, Alabama and Indiana markets and will be a springboard to further development.

The deal is expected to close before the end of the year.


Print this page

Categories & Tags
General Energy Boralex CRE electricity energy Solar


Related Stories