Boralex has announced the completion of the acquisition of a portfolio of wind power projects of nearly 200MW located in France and in Scotland as well as about 8,500 hectares of land on which the projects will be developed, for a total cash consideration of CAN$ 103 million (€70 million).
The transaction covers the following portfolio of projects:
- A 51 MW ready-to-build project in Brittany, France (the Moulins du Lohan) the construction of which will start this fall with commissioning slated for Q2 2019;
- A 23.5 MW project in Scotland at an advanced stage of development ( Project);
- 126 MW of projects in Scotland at preliminary stages of development (B Projects).
The total amount of investment required to complete the Moulins du Lohan project is estimated at € 97 million (CAN$ 142 million), and Boralex will continue the study and development of A and B Projects based on the regulatory framework prevailing in Scotland in the medium term.
