Boralex announces closing of French wind power portfolio acquisition

Gamesa and Iberdrola Ingeniería to build four wind farms in Costa Rica

Gamesa and Iberdrola Ingeniería have signed an EPC contract with Globeleq Mesoamerica Energy (GME) to build 80MW in Costa Rica. The two companies will handle all the construction and commissioning phases required for this project, named Alisios, which comprises four 20MW wind farms: Vientos de la Perla and Vientos de Miramar, located in the Liberia region, and Altamira and Campos Azules, to be developed in the Tilarán region. Gamesa will manufacture 19 of its G90-2.0MW turbines and 21 of its G87-2.0MW turbines for delivery during the second quarter of 2016. Iberdrola will handle the engineering, procurement and construction (EPC) side of the project which is due for commissioning towards the end of 2016.

Boralex announces closing of French wind power portfolio acquisition

Boralex has announced the closing of its acquisition of a portfolio of wind power projects in Northern France totalling approximately 350MW. With the Acquisition, Boralex gains access to a pipeline of projects, of which over 150MW may be commissioned in 2017 and 2018, coming from 79MW of ready-to-build projects and a pipeline of 159MW of projects at advanced stages of development. The ready-to-build projects will require investments of approximately €150 million and an equity contribution of approximately 20% of the investment being €30 million over the next two years. Boralex expects construction of the ready-to-build projects to get underway in June 2016 with around 35MW to be commissioned by the end of 2017 and the balance in 2018. This acquisition, together with the projects currently under internal development, will grow their French portfolio of development projects to nearly 850MW.