Canadian renewables developer Boralex has raised $258.8m in a public offering and private placement of subscription receipts that it will hold in escrow pending completion of its proposed acquisition of Invenergy Renewables’ 51% stake in three Quebec wind farms.

They are the 136MW Des Moulins I in MRC des Appalaches, 21MW Des Moulins II wind farm in MRC d'Avignon in Gaspésie and 139MW Le Plateau I also in MRC d'Avignon in Gaspésie.