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Boralex unveils busy renewables program

DCN News Service
Boralex unveils busy renewables program

MONTREAL — Quebec-based renewable power developer Boralex Inc. has announced a busy construction schedule for 2017 that will see the commissioning of six new plants around the world including one each in Ontario and British Columbia.

The announcements came as part of the firm’s fiscal report for 2016, issued March 3.

The new builds will bring on five new wind power sites including Moose Lake (15 megawatts) in British Columbia as well as Voie des Monts (10 megawatts), Artois (23 megawatts), Mont de Bagny (24 megawatts) and Plateau de Savernat-phase II (4 megawatts) in France. In addition, the Yellow Falls (16 megawatts) hydroelectric power station will be commissioned in Ontario.

In Canada, during the fourth quarter, Boralex announced the acquisition of the 230-megawatt Niagara Region Wind Farm project, which represented an immediate 20 per cent increase in its installed capacity. The corporation also created, in partnership with an Alberta developer, the Alberta Renewable Power Limited Partnership, which intends to qualify for and participate in the request for proposals for the first 400-megawatt tranche of renewable energy recently announced in Alberta.

Given the province’s objective of over 5,000 megawatts, this is a strategic decision for Boralex’s current and future positioning in the Alberta market, noted the firm’s media statement.

In Europe, Boralex commissioned the Touvent wind farm (14 megawatts) as well as the first phase of the Plateau de Savernat wind farm (12 megawatt) in the second half of 2016.

For fiscal 2016, the corporation recorded a 12 per cent increase in its power production to 2,441 gigawatt hours, leading to a 13 per cent growth in revenues from energy sales to $299 million.

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