One of these wind energy projects, the La Côte-de-Beaupré community wind farm, proposed by Boralex and the La Côte-de-Beaupré RCM, is located on the Seigneurie de Beaupré land, to which the Séminaire de Québec has sole title. Visual, noise and environmental impacts of this site, which is located well away from any urban or residential zones, are virtually non-existent.
The proposed wind energy project would also benefit from the prior experience of Boralex in wind farm development on this land with the Seigneurie de Beaupré wind farms, acquired through execution of electricity supply contracts awarded in a previous call for tenders for 2,000 MW of wind power.
The other initiative, proposed by Boralex and the Témiscouata RCM, is the Témiscouata community wind farm project. Located on public land in the municipality of Saint-Honoré-de-Témiscouata, this project leverages the proximity of transmission lines and the absence of any permanent residences on the proposed site.
"Two key factors in the development of these wind farm projects have been the willingness and the cooperation shown by the La Côte-de-Beaupré and Témiscouata RCMs," pointed out Patrick Lemaire, President and Chief Executive Officer of Boralex, adding, "Boralex hopes to continue its wind farm development work in Quebec through these two projects."
Installed capacity for each of the two facilities will be 25 MW. Both projects enjoy strong support from their respective local communities, as well as exceptional wind resource, as demonstrated through several years of study. Should those bids be accepted, the wind turbines will be provided by Enercon, a Quebec-based wind turbine manufacturer whose expertise is renowned worldwide.
Boralex is a major independent power producer whose core business is the development and operation of power stations that generate renewable energy. The Corporation employs over 300 people and operates 28 power stations with a total installed capacity of 410 megawatts ("MW") in Canada, the Northeastern United States and France.
It is also involved, on its own or with its European and Canadian partners, in power projects under development that will add more than 300 MW of power, almost 100 MW of which will come online by the end of fiscal 2010. Boralex sets itself apart through its diversified expertise and in-depth experience in three power generation segments: wind, hydroelectric and thermal.
The Company also holds a 23% interest in the Boralex Power Income Fund, which comprises 10 power stations, in Quebec and the United States, with a total installed capacity of 190 MW. These sites are managed by Boralex. Boralex shares are traded on the Toronto Stock Exchange under the ticker symbol BLX.