Quebec-based renewables developer Boralex has closed a transaction to acquire the 331MW multi-project Kallista Energy Investment wind project portfolio in France for €129m ($149m) in cash.

The portfolio consists of 163MW in operation, 10MW under construction and a 158MW project pipeline. The operating projects have a weighted average remaining life of eight years under contract.

With the transaction, chief executive Patrick Lemaire said Boralex has strengthened its position as France's largest independent wind power producer with an installed capacity of 772MW.