Boralex buys French wind farm
Canadian power producer Boralex has acquired the 14MW Calmont wind farm project in Midi-Pyrenees region of France.
“With the Calmont acquisition, Boralex is pursuing its growth in France, strengthening its energy portfolio in the wind segment,” says Boralex president and chief executive Patrick Lemaire.
With a 15-year power sales contract with EDF France, construction work on the wind farm will begin during the first quarter of next year, with commissioning
scheduled by the end of 2015.
Boralex will invest around €25m ($33m) to complete the project.
Calmont is located a few kilometres from Boralex’s Avignonet-Lauragais hybrid solar-wind site.
The company says the close proximity of the two projects offers attractive opportunities for operational synergies.