Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) is pleased to announce that its two projects submitted in June in the onshore wind power request for proposals (“RFP”) in France have been selected. As in the first round of the RFP, the aggregate capacity that could have been awarded amounted to 500 MW; the aggregate volume of winning bids in this round amounted to only 118 MW.
“With the 49.5 MW awarded in the second round of the wind power RFP, Boralex confirms its position as France’s largest independent producer of wind power,” said Patrick Decostre, Vice-President and General Manager, Boralex Europe. “This is a great victory for our teams, and I congratulate them wholeheartedly.”
In addition to the 14 MW Santerre wind power project in the French department of the Somme, Boralex has been awarded the 35 MW repowering of the Cham Longe wind farm in the department of the Ardèche. This will entail doubling the installed capacity of this wind farm while maintaining the same number of wind turbines—a technical challenge that Boralex’s teams are already working on. This good news also reflects the trust local communities have had towards Boralex for many years.
It should be noted that these two projects are already integrated into Boralex’s growth plan. These RFP wins further strengthen the implementation plan for these projects.
Boralex develops, builds and operates renewable energy power facilities in Canada, France, the United Kingdom and the United States. A leader in the Canadian market and France’s largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years. Boralex’s shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB.A, respectively.