Hydro-Québec has approved the transfer of the 20-year contract to Boralex, which plans to develop the wind farm in Témiscouata Regional County Municipality.
The contract was awarded in response to the Hydro-Québec Distribution 2008 call for proposals for 2,000MW of wind power.
Commercial operations are slated to begin in 2015, subject to the necessary prior approvals, including the required regulatory permits, the signing of a firm agreement with the turbines supplier and the financing.
Boralex president and CEO Patrick Lemaire said "Capital needed to develop this project will come in part from the proceeds of the recent sale of our US thermal power assets; allowing us to pursue our strategy of developing assets that come with power purchase agreements, particularly in the wind and hydropower segments."
