The deal, worth at least $121.5 million, means the Quebec-based renewable-energy operator adds an additional 296 megawatts to its stable, bringing the company’s total installed capacity to 2,212 MW. (The Logic)
Talking point: Founded in 1982, Boralex operates wind-, solar-, hydroelectric- and thermal-generating plants throughout Canada, the U.S., the U.K. and France. In Quebec, the company has purchase agreements with Hydro-Québec expiring between 2032 and 2033. The company had gross profits of nearly US$359 million on revenues of just under US$459,300 in the 12 months ended September 30, according to PitchBook data.