Four Boralex Projects Selected in the Latest Calls for Tenders in France
MONTRÉAL and BLENDECQUES, France, April 2, 2020 /PRNewswire/ - Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) is announcing that four of its projects totalling 70.4 MW have been selected in the latest calls for tenders conducted by the Ministry for the Ecological and Inclusive Transition of France.
The solar projects - Peyrolles en Provence (15.4 MW), in the department of Bouches-du-Rhône, and La Clé des Champs (12.5 MW), in Haute-Loire - have been selected in the seventh round of the call for tenders for the construction and operation of ground-mounted solar energy production facilities.
In addition, two wind farm projects - Mont de Bézard II (25.2 MW) in the department of Marne, and Extension Seuil de Bapaume (17.3 MW) in Pas-de-Calais - have been selected in the fifth round of the national call for tenders for onshore wind farm projects.
"This success confirms that Boralex develops competitive projects, but also points out the vitality of solar power, a sector for which we have ambitious goals in France and in North America," said Nicolas Wolff, Vice President and General Manager of Boralex, Europe. "For 20 years we have made a conscious effort to situate our projects locally, so that they promote jobs and economic benefits while allowing communities to fully engage with their objectives for the energy transition."
The projects have received the necessary administrative authorizations and will enable Boralex to receive a feed-in premium agreement over a period of 20 years from the date of commissioning. Note that Boralex has already secured more than 100 MW in new projects under the 2019 wind power calls for tenders.
Boralex currently has a portfolio of more than 1,000 MW in wind and solar power projects in France, at various stages of development. The Corporation also has 978 MW in wind, solar and thermal power sites operating in France and 2,040 MW around the world.
In April 2019, the Corporation was designated by the Chambre de commerce et d'industrie française au Canada as the Best Canadian Achievement in France in the "Large Corporation" category.
About Boralex
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 30 years. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. More information is available at www.boralex.com or www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.
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SOURCE Boralex Inc.
