MONTREAL, Jan. 26, 2024 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Firm”) (TSX: BLX) is happy to announce that two wind energy initiatives, totalling 365 MW, have been chosen in Hydro-Québec’s name for tenders issued on March 31, 2023. This represents a 100% success fee for Boralex on this name for tenders, as each initiatives submitted by the Firm had been chosen.
“With these outcomes, Boralex has as soon as once more demonstrated its capability, constructed on greater than 30 years of expertise and our disciplined method, to develop sustainable, worthwhile initiatives that create worth for all our stakeholders. Right this moment’s announcement is completely in step with our formidable development targets for 2025, at a time when renewable vitality manufacturing should be massively elevated in Québec and throughout all our enterprise markets as a way to obtain the worldwide vitality transition,” mentioned Patrick Decostre, President and CEO of Boralex.
“I’m extraordinarily pleased with the Boralex groups who’ve labored carefully with our native companions, together with within the area of our head workplace in Kingsey Falls, to submit top quality initiatives to Hydro-Québec. These initiatives will contribute on to assembly Québec’s vital vitality wants, and their choice reaffirms the important function of unbiased energy producers in reaching the decarbonization targets,” mentioned Hugues Girardin, Govt Vice President and Common Supervisor, North America, at Boralex.
These initiatives are along with the 200 MW Apuiat wind challenge, scheduled to enter service on the finish of this 12 months, and the three 400 MW Des Neiges initiatives developed on the Seigneurie de Beaupré web site in partnership with Hydro-Québec and Énergir.
Initiatives Highlights
Arthabaska Wind Energy Mission
- Complete put in capability: 265 MW
- Variety of wind generators: between 37 and 44
- Scheduled commissioning: 2029
- Positioned within the Centre-du-Québec area, within the Arthabaska MRC, on personal lands within the municipalities of Saint-Albert, Sainte-Élizabeth-de-Warwick, Sainte-Séraphine and the cities of Victoriaville and Warwick
- Partnership: 50% MRC d’Arthabaska / 50% Boralex
Monnoir Wind Energy Mission
- Complete put in capability: 100 MW
- Variety of generators: between 15 and 20
- Scheduled commissioning: 2027
- Positioned within the Montérégie area, within the Rouville and Haut-Richelieu MRCs, on personal lands within the municipalities of Sainte-Angèle-de-Monnoir, Sainte-Brigide-d’Iberville and the town of Saint-Césaire
- Companion: 50% Coopérative régionale d’électricité de Saint-Jean-Baptiste de Rouville / 50% Boralex
Boralex and its companions will now flip their consideration to the correct execution of energy buy agreements with Hydro-Québec whereas pursuing the event actions of the initiatives. The knowledge and session course of will proceed as a way to issue within the feedback and pursuits of the host communities. Addressing the native inhabitants’s considerations and curiosity has at all times been a precedence for Boralex and its companions.
A beneficial vitality context in Québec
This name for tenders comes at a time of robust development for renewable energies in Québec, notably wind energy. Hydro-Québec has introduced that it wants between 150 and 200 TWh of latest vitality provides by 2050 to satisfy projected industrial and residential demand, and thus contribute to the province of Québec’s decarbonization targets. Hydro-Québec has set itself the goal of integrating 10,000 MW of latest wind energy capability by 2035, whereas Québec might want to generate a further 60 TWh by 2035.
About Boralex
At Boralex, we’ve been offering reasonably priced renewable vitality accessible to everybody for over 30 years. As a frontrunner within the Canadian market and France’s largest unbiased producer of onshore wind energy, we even have amenities in the USA and improvement initiatives in the UK. Over the previous 5 years, our put in capability has greater than doubled to over 3 GW. We’re creating a portfolio of shut to six.4 GW in wind, photo voltaic initiatives and storage initiatives, guided by our values and our company social duty (CSR) method. By worthwhile and sustainable development, Boralex is actively collaborating within the combat towards international warming. Due to our fearlessness, our self-discipline, our experience and our variety, we proceed to be an business chief. Boralex’s shares are listed on the Toronto Inventory Trade underneath the ticker image BLX.
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