Renewable Energy company Boralex announced that it has agreed to acquire the last tranche of the wind power projects portfolio developed by Ecotera Développement.
Image: Boralex to acquire the wind power projects developed by Ecotera. Photo: Courtesy of rawpixel on Unsplash.
In closing this transaction, Boralex will acquire eight wind power projects at different stages of development with a combined capacity of over 100MW.
These acquisitions, combined with projects currently under development by the Corporation, will bring Boralex’s portfolio of development projects in France to over 1,000MW.
Boralex Europe vice-president and general manager Patrick Decostre said: “I’m delighted with the closing of this transaction, which wraps up a successful partnership that began three years ago.
“With this acquisition, Boralex stands to benefit from numerous operational synergies, while fully capitalizing on its unique and integrated model as developer, prime contractor and operator of its projects.”
This purchase agreement also includes the acquisition of Ecotera Développement, whose multidisciplinary team has extensive expertise in the development of wind power projects, having developed more than 350 MW in wind power projects over the last few years.
Source: Company Press Release.