Project has a 20-year feed-in tariff contract with Ontario’s Independent Electricity System Operator.
Wind farms in France to generate 33 MW, Ontario hydroelectric project 16 MW.
The yet-to-be constructed project is covered by a 20-year power sales contract with Hydro Quebec.
Deal includes a 15-year power sales contract with EDF France
$60 million investment for 70 GWh annually.
Resolute Forest Products has purchased the idled co-generation operation at Dolbeau, Que., from Boralex for $5 million.
Renewable energy producer Boralex is closing its troubled Dolbeau, Que. wood residue plant and taking a financial writeoff.
Boralex has powered up its first solar park, with an installed capacity of 4.5 megawatts in the Midi-Pyrenees region in France and Photowatt switches on Kitchener’s big rooftop installation.
Renewable energy company Boralex Inc. is eyeing expansion opportunities across Canada, including in Quebec’s Far North following Premier Jean Charest’s ambitious plan to develop the region.