{"id":391499,"date":"2020-12-02T07:03:36","date_gmt":"2020-12-02T12:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391499"},"modified":"2020-12-02T07:03:36","modified_gmt":"2020-12-02T12:03:36","slug":"boralex-announces-closing-of-the-acquisition-of-cdpqs-49-equity-stake-in-3-quebec-wind-farms-with-a-296-mw-installed-capacity","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/boralex-announces-closing-of-the-acquisition-of-cdpqs-49-equity-stake-in-3-quebec-wind-farms-with-a-296-mw-installed-capacity\/","title":{"rendered":"Boralex announces closing of the acquisition of CDPQ’s 49% equity stake in 3 Quebec wind farms, with a 296 MW installed capacity"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n MONTREAL<\/span>, Dec. 2, 2020<\/span> \/PRNewswire\/ – Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) is pleased to announce that it has closed the acquisition of the previously announced 49% equity stake held by the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (“CDPQ”) in 3 wind farms in Quebec<\/span>, already 51% owned by Boralex. CDPQ’s 49% equity stake represents 145 MW net installed capacity and the three wind farms represent a total capacity of 296\u00a0MW. Located in the Avignon RCM in Gasp\u00e9sie and the Appalaches RCM in eastern Quebec<\/span>, these farms are equipped with Enercon turbines and benefit from long-term power purchase agreements (“PPAs”) with Hydro-Qu\u00e9bec Distribution, expiring between 2032 and 2033 with a weighted average remaining contract duration of nearly 12.5\u00a0years.<\/p>\n

Boralex paid a cash consideration of $121.5 million<\/span> to CDPQ, which may be supplemented by a conditional consideration of up to $4 million<\/span> subject to the settlement of certain future conditions that need to be met. Boralex’s totaled installed capacity now stands at 2,212 MW.<\/p>\n

\n Highlights of the acquisition<\/b>\n <\/p>\n