Boralex Announces The Closing of The Acquisition of Aeolis Wind Power Corporation's Equity Interests in The Moose Lake Wind Farm in British Columbia
MONTREAL, Jan. 15, 2021 /PRNewswire/ - Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) announces the closing of a transaction to redeem the minority shares of its partner, Aeolis Wind Power Corporation ("Aeolis"), in the Moose Lake Wind Farm in British Columbia.
The Moose Lake Wind Farm is located in Peace River, British Columbia. It consists of four wind turbines with an installed capacity of 15 MW and was commissioned in 2019. At the time of the transaction, Aeolis had a 30% equity interest. Boralex acquired this equity interest for C$3.5 million, to which additional matching could be added, subject to certain future conditions that need to be met.
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 sustainable 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".
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Source Boralex Inc.
Contact:
Media:
Isabelle Fontaine, Director, Public Affairs and Communications, Boralex Inc, 819 345-0043, isabelle.fontaine@boralex.com
Investors Relations: Stéphane Milot, Director, Investors Relations, Boralex Inc, 514 213-1045, stephane.milot@boralex.com
