Boralex to develop 50 MW wind power project in Quebec

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Boralex to develop 50 MW wind power project in Quebec

Greentech Lead America: Boralex announced the acquisition
of an electricity supply agreement for a 50 MW wind power project. Boralex will
develop the project in the Temiscouata Regional County Municipality (RCM) in Quebec.

“The announcement of this new project shows
Boralex’s strong positioning in the Canadian wind power segment, and our growth
in this sector. 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,” said
Patrick Lemaire, president and CEO of Boralex.

Hydro – Quebec has approved the agreement’s transfer by
Venterre NRG to Boralex. The 20-year contract was awarded in response to the
Hydro –
Quebec Distribution 2008 call for proposals for 2,000 MW of wind power,
and start up is slated for late 2015.

Boralex plans to build the wind farm on land that is
owned by Saint-Elzear-de-Temiscouata and Saint-Honore-de-Témiscouata, and is
adjacent to the community wind power project currently being developed by
Boralex in partnership with the Temiscouata RCM.

The RCM and the towns of Saint-Elzear-de-Temiscouata and
Saint-Honore-de-Temiscouata have shown their support for the project by passing
a resolution agreeing to construction of the wind farm on their territory.

Currently, Boralex operates an asset base with an installed
capacity of nearly 500 MW in Canada, the Northeastern United States and France.
Boralex is committed under power development projects, both independently and
with European and Canadian partners, to add approximately 400 MW of power.

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