Boralex Closes C$95m Financing for 52MW Témiscouata II Wind Farm
Montreal, QC
FOR IMMEDIATE RELEASE
2023-02-01
Boralex Inc. (TSX: BLX) announced the closing of a CAD 95 million (USD 69.6 million) loan financing for the 52 MW Témiscouata II wind farm located on public lands in the municipalities of Témiscouata-sur-le-Lac, Saint-Épiphane, and Saint-Honoré-de-Témiscouata in Quebec. Desjardins acted as the sole lender and sole arranger for the financing.
The wind farm has been in operation since 2015 and is expected to generate approximately 200,000 MW h of electricity annually, enough to power over 16,000 homes.
The financing will be used to refinance the existing project debt and for general corporate purposes.
Boralex is a leading renewable energy independent power producer.
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