Boralex takes a 25% interest in 230-MW Niagara Region wind farm
Project has a 20-year feed-in tariff contract with Ontario’s Independent Electricity System Operator.
MONTREAL — Renewable energy company Boralex Inc. is acquiring a 25% interest in a 230-megawatt Niagara Region wind farm in which Enercon Canada Inc. has a majority interest.
Enercon Canada, with offices in Montreal, Toronto and Dartmouth, NS, and production facilities in Quebec and Ontario, is a manufacturer of wind turbines.
Enercon’s $825.5 million project located in the Lincoln, West Lincoln, Wainfleet and Haldimand counties in Ontario’s Niagara Peninsula will include 77 Enercon E-101 3 megawatt wind turbines.
The project, which has a 20-year feed-in tariff deal with the province’s Independent Electricity System Operator, was commissioned on Oct. 30.
The construction phase created 700 jobs and will create another 25 direct long-term jobs during operations.
Six Nations of the Grand River Development Corp. also has a stake in the project. It manages the Six Nations’ economic interests in a number of renewable energy projects and economic development opportunities, on and around the Six Nations territory.
Boralex, based in Kingsey Falls, Que., develops, builds and operates renewable energy power facilities in Canada, France and the US.