On March 15, 2019, a consortium which Boralex is part of submitted a bid to the French state in the Dunkirk Offshore Wind Farm tender. Boralex has determined, after a careful review amid changes in tender’s competitive conditions and risk profile, that its interest in the consortium no longer satisfies its investment criteria.
Boralex will exercise its option to sell its interest to the other members of the consortium immediately after the tender being definitively awarded. Boralex will remain a party to the consortium until it has sold its interest in the project to the other members of the consortium pursuant to the option. However, Boralex will continue to assist in the development of the project, both as a member of the consortium and thereafter as a non-member.
